Bailey & Co. says ..

Property Oracle says ..

The property is a 2 bedroom maisonette located in Woodside Crescent, Forest Hall, Newcastle upon Tyne. The list price is £175,000. The property appears to be in excellent condition, having been recently renovated to a high standard. The interior is modern and stylish, with a well-equipped kitchen and updated bathroom. The images show a property that is well-maintained and presented. The property benefits from a private garden, adding to its appeal. While the plot size is listed as 0.00 sqft, the images clearly show a sizeable, well-maintained garden space. Considering the average price per sqft in the area is £302, and this property is 979 sqft, a rough estimate of value would be £295,500. However, the average house price in the area is significantly higher at £525,346. This suggests a potential undervaluation, especially given the property’s modern condition and garden. The list price of £175,000 is significantly below this average, and below the estimated value based on sqft. However, it is important to note that other properties in the area have sold for lower prices, indicating some price variation in the market. The property’s location, close to good schools and transport links, further supports a higher valuation. Therefore, while the list price is below average, it may represent good value given the property’s condition and location. The location is good, with nearby primary and secondary schools all rated ‘Good’ or ‘Outstanding’ by Ofsted. Several train stations are within reasonable commuting distance.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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