Bridgfords says ..

Property Oracle says ..

This three-bedroom property on Victoria Terrace in Whitley Bay presents a mixed bag of opportunities and considerations. Its location is undeniably its strongest asset. Situated in the heart of Whitley Bay, it offers exceptional proximity to a vibrant array of amenities, including shops, restaurants, and entertainment venues. The nearby metro station provides convenient access to public transport, and the seaside location offers a desirable lifestyle. The relatively large internal space of 1,516.64 square feet offers ample room for a family.

However, the property’s condition presents some challenges. While habitable, the interior shows clear signs of needing modernisation. The kitchen and bathroom would likely benefit from updating, and throughout the house, a touch of refurbishment could enhance its overall appeal. The complete lack of outdoor space is a significant drawback for many potential buyers. The absence of a garden is a substantial constraint, especially when comparing this to many other properties.

Considering the price point of £210,000, potential buyers need to carefully weigh the balance of its pros and cons. While the central Whitley Bay location commands a premium, the necessary updates and lack of outdoor space must be factored into a realistic assessment of value. The property would potentially be a sound investment if renovation costs are factored and successfully completed, but the list price may be slightly above market value for a property in its current condition, highlighting a need for a thorough survey and a competitive offer strategy.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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