Bailey & Co. says ..

Property Oracle says ..

The property is a 5-bedroom, 2-bathroom house with a total area of 1,995.25 sqft and a plot size of 2,408 sqft. It’s situated in the desirable Jesmond area of Newcastle upon Tyne, known for its excellent schools and convenient location. The average house price in the area is £404,933, with an average price per sqft of £343. This property is listed at £700,000.

The property appears to be in excellent condition. The photos show a recently renovated or refurbished interior with modern fixtures and fittings. The kitchen and bathrooms are particularly noteworthy, appearing contemporary and well-maintained. The garden is relatively small but well-maintained and offers some privacy.

The location is a significant positive. Jesmond is a highly sought-after area, known for its family-friendly atmosphere, good schools (including West Jesmond Primary School which is rated ‘Outstanding’ by Ofsted), and convenient access to amenities and transport links. The proximity to several highly-rated schools adds considerable value to the property.

Considering the property’s condition, location, and size, the list price of £700,000 appears high compared to the average price per sqft in the area. However, the superior condition, the larger than average size, and the highly desirable location of Jesmond justify a premium. The list price is likely to attract buyers seeking a high-quality, move-in ready home in a prime location. More comparable properties in the immediate vicinity would provide a clearer picture of the pricing rationale.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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