Newton Fallowell says ..

Property Oracle says ..

This three-bedroom semi-detached house in Newark is located on Smith Street, within the Beacon locality. The property benefits from being close to several schools, including Magnus Church of England Academy (rated Good by Ofsted) and Barnby Road Academy Primary and Nursery School, both within a kilometre. Newark North Gate railway station is also conveniently located approximately 1.07 km away. The house itself appears to be in need of some modernisation and updating, as seen in the provided images. The kitchen and bathrooms seem dated, and some cosmetic work would likely improve the overall presentation. The property includes a garden, though it appears to be relatively small and requires some maintenance. Compared to the average price per square foot in the area (£311), the listed price of £190,000 for this 945 sq ft property seems relatively reasonable, especially given its condition and the need for potential renovations. However, it is worth noting that the average house price in the area is significantly higher (£450,572), suggesting that this property may be priced competitively due to its condition and size. Nearby comparable properties on Smith Street range in price from £28,500 to £217,500, indicating a wide price variation in the immediate vicinity. This suggests that the listed price might be at the higher end of the range for properties needing renovation in this area but still within a reasonable bracket given its size and location.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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