Jon Brambles says ..

Property Oracle says ..

The property is located on Stanhope Avenue, Newark, Nottinghamshire. It’s a semi-detached house with three bedrooms and one bathroom. The list price is £140,000. The property is in need of modernisation and some repair. The interior shows dated decor and fixtures, and the garden requires attention. The property benefits from a garage. While the location is close to several schools, including Bishop Alexander L.E.A.D. Academy (rated ‘Good’), and transport links, the overall condition of the property significantly impacts its value. Nearby properties on Stanhope Avenue have sold for between £111,000 and £130,000, while other nearby semi-detached properties have sold for slightly more. However, the average house price in the area is considerably higher at £402,872, suggesting this property may be undervalued, although this is likely due to the condition of the property. The average price per square foot in the area is £391, but without the square footage of this property, a precise comparison is impossible. The garden, though overgrown, is a positive feature. Considering the condition, the relatively low price compared to the average for the area may reflect the need for significant renovation. The presence of a garage adds value. The location near schools and transport is a positive factor.

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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