M L Estates Ltd says ..

Property Oracle says ..

The property is a two-bedroom apartment located on Drury Lane in North Shields, Tyne and Wear. The list price is £95,000. Based on the provided images, the property appears to be in reasonable condition. The décor is dated, but there is no obvious evidence of significant damage or disrepair. The bathroom and kitchen appear functional, although the style is somewhat outdated. A more thorough inspection would be required to assess the condition of the property fully. The property’s location in North Shields is close to several schools, including New York Primary School (0.24km), St Thomas More Catholic High School (0.84km), and Whitehouse Primary School (1.96km). The proximity to these schools could be considered a positive aspect for families. However, the absence of information regarding nearby transportation links is a notable omission. The available information does not provide details about the size of the plot or the presence of a garden. Therefore, a comment on the land aspect cannot be made. Considering the list price of £95,000 and the average house price in the area of £525,346, the property appears to be significantly underpriced compared to the average. However, this is likely due to the smaller size and type of property (apartment) compared to the average property type in the area. The average price per sqft is £302, but without the sqft of the property this cannot be used to determine value for money. Further analysis of comparable properties in the immediate vicinity (Drury Lane) shows prices ranging from £51,000 to £115,000, suggesting that the list price of £95,000 falls within the higher end of this range but is still significantly lower than the average for the area.

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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