Sarah Mains Residential Sales and Lettings says ..

Property Oracle says ..

The property is a two-bedroom apartment located in Dryden Court, Low Fell, Gateshead. The location benefits from its proximity to Dryden School, which has an outstanding Ofsted rating, and other schools within a reasonable distance. Several train stations are also within a few kilometers, offering convenient transport links. The area appears to have a mix of property types and price ranges, with some properties commanding significantly higher prices than the subject property. The apartment itself appears to be in relatively good condition based on the provided images. While the decor is simple and may benefit from some updating, there are no apparent signs of significant damage or disrepair. The kitchen and bathroom seem modern and well-maintained. However, there is some visible damp in at least one of the bedrooms. The lack of information regarding the square footage and plot size of the property makes a complete assessment of value difficult. The list price of £120,000 is considerably lower than the average house price in the area (£275,146). However, this is likely due to the property being an apartment rather than a house, and the smaller size compared to average properties in the area. Nearby similar properties, such as the two-bedroom retirement apartment in Dryden Court that sold for £70,000, support the relatively low asking price. The absence of a garden is a factor to consider. Considering the location, condition, and the lower price point compared to average house prices in the area, the property may represent reasonable value, especially for first-time buyers or investors. However, the lack of information on the property’s size and the presence of damp in one bedroom are factors that could impact the overall assessment.

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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