Your Move says ..

Property Oracle says ..

The property is a one-bedroom terraced house located in Sunderland, Tyne and Wear. The list price is £40,000. The property is situated close to several schools, including Grindon Infant School (Good Ofsted rating) and Pennywell Early Years Centre (Outstanding Ofsted rating), both within a kilometer. Sunderland train station is approximately 7 km away. Based on the provided images, the property appears to be in relatively good condition, though some minor cosmetic updates might enhance its appeal. The kitchen and bathroom appear functional but could benefit from some modernisation. The property has a small yard, which provides some outdoor space, although it is not extensive. Considering the average house price in the area is £146,603 and the average price per square foot is £160, the listed price of £40,000 for this 723.33 sqft property seems significantly below market value. However, this is likely due to the property’s size and the fact that it is a terraced house in a potentially less desirable area of Sunderland. Nearby comparable properties, while varying in size and type, support the idea that this property is underpriced, though more information on the condition of those properties would be needed to make a more accurate comparison. The smaller plot size compared to other nearby properties also contributes to the lower price.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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