Belle Vue Estates says ..

Property Oracle says ..

This three-bedroom property located on Durham Road in Low Fell, Gateshead, presents a unique opportunity in the UK housing market. Listed at £75,000, it is positioned as an ideal project for renovation or investment. The property’s location within Low Fell is generally advantageous, benefitting from the area’s good reputation, including highly-rated schools (Kells Lane Primary School and Oakfield Infant School both are rated as outstanding by Ofsted) and its relative proximity to transport links. The flat’s proximity to Newcastle is another positive factor.

However, potential buyers must carefully consider the property’s condition. Photos reveal that the property needs significant work. Walls show damage and require replastering or repair, carpets are worn, and the bathroom and kitchen are outdated and require a complete overhaul. This extensive renovation is a major factor that potential buyers need to factor into their decision-making process.

While the listing mentions ‘vacant possession and no onward chain’, which can be advantageous, the lack of outdoor space and overall condition mean the need for comprehensive modernisation is significant and therefore, a large financial investment in labour, and materials. The property’s actual size, however, is unavailable, making a definitive analysis of the price per square foot impossible, which impedes a comprehensive valuation. Without more details on the specifics of the property, its overall market attractiveness is difficult to fully assess. Overall, prospective buyers should proceed with caution. Those looking for a project and willing to invest time and money can expect a worthwhile return given the desirable location of Low Fell.

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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