YOUR MOVE Chris Stonock says ..

Property Oracle says ..

The property is a 3-bedroom flat located on Moore Street in Gateshead, Tyne and Wear. It is listed at £75,000 and has a floor area of 797.61 sqft. The property appears to be in good condition. The images show a recently decorated interior with modern furnishings. The kitchen and bathroom appear updated. There is no evidence of significant repairs or renovations needed. The property has no land associated with it as it’s a flat. Considering the list price of £75,000, the average price for properties in the area is £159,813, and the average price per sqft is £231. This property is significantly below the average price. However, the lack of plot size and the fact that it is a flat, must be taken into account. Nearby comparable properties on Moore Street range from £39,950 to £70,000. Given these comparables, and the apparent good condition of the property, the list price may be reasonable for a flat in this location. Further investigation into the specifics of the property’s condition and the local market would be needed to give a definitive assessment of value. The location is close to several primary schools with good Ofsted ratings, and also has good transport links to Newcastle via train and metro. This is a positive factor influencing the property’s desirability.

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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