David Bailes says ..

Property Oracle says ..

The property is a 3-bedroom terraced house located on Third Street in Quaking Houses, Stanley, County Durham. It has a list price of £65,000, 1 bathroom, and covers 1,022.57 sqft with a plot size of 911.70 sqft. The location is within reasonable proximity to several primary schools, with Greenland Community Primary School being the closest at 0.64 km. Third Street itself has an average house price of £72,954, suggesting the property’s price may be slightly below average for the street. However, without further details on the specifics of the property’s condition and the quality of the schools, a definitive statement about location cannot be made. Based on the provided images, the property seems to be in fair condition. While some areas show signs of wear and tear, such as dated wallpaper and carpets, the kitchen and bathroom appear relatively modern. The overall condition, however, is not excellent and would likely require some updating or renovations to meet modern standards. The garden appears to be of a reasonable size for a terraced property in the area. The list price of £65,000 is below the average house price for the area (£102,805) and significantly below the average price per sqft (£103.00), given the property’s size. However, this needs to be considered in the context of the property’s condition. Similar properties on Third Street have sold for around £60,000, while other nearby terraced houses have sold for prices ranging from £35,000 to £75,000. The price appears relatively reasonable given the need for some modernisation and the overall state of the property. It’s likely that a buyer would need to factor in renovation costs into their overall budget.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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