J.G Sawyers & Sons says ..

Property Oracle says ..

The property is a 2 bedroom flat located on Salisbury Avenue in Preston Village, North Shields. The list price is £160,000. The property appears to be in good condition. Recent renovations or modernisation are evident in the kitchen and bathroom, which appear clean and well-maintained. The flooring and decor throughout also suggest a recently updated property. The small front garden is well-maintained and adds to the overall positive impression of the property’s condition. The location is positive, with several good schools within a reasonable distance, including John Spence Community High School (0.43 km), Southlands School (0.81 km), Spring Gardens Primary School (0.86 km), King Edward Primary School (0.97 km), and Christ Church Cofe Primary School (1.03 km). All these schools have a ‘Good’ Ofsted rating. This makes the property attractive to families with children. The property is a flat, and therefore lacks a significant plot size. The available space is limited to a small front garden. Considering the average price per square foot in the area is £380, and this property is 1,220 sqft, a comparable property might be expected to sell for approximately £463,600 (£380 x 1220). However, the list price is significantly lower at £160,000. While the property is a flat and therefore smaller than the average property in the area, the price is considerably lower than the average house price of £418,997 and much lower than the average price per sqft. The lower price point may be attributed to the property type (flat) and the lack of significant outdoor space compared to other properties in the area. However, considering its apparent good condition and convenient location near good schools, the list price could be considered reasonable, especially in comparison to other similar flats in the area, such as those listed on Salisbury Avenue itself.

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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