Rook Matthews Sayer says ..

Property Oracle says ..

This property is a 2 bedroom terraced house located in Cowgate, Newcastle Upon Tyne. The asking price is £95,000. The property appears to be in reasonable condition for its age. The kitchen and bathroom appear relatively modern and well-maintained. While some cosmetic updates might enhance the property’s appeal, there are no obvious signs of significant structural issues or extensive repairs needed. The presence of a garden is a positive feature, adding to the property’s overall value. Considering the average price per square foot in the area (£423) and the property’s size (580 sqft), a rough estimate of its value would be around £244,740. However, the actual list price is significantly lower at £95,000. This substantial difference suggests that the property may be undervalued, potentially due to its location or other factors not immediately apparent from the provided information. Further investigation into the specific characteristics of the location and any potential drawbacks would be necessary for a more complete assessment. The property’s smaller size compared to the area average (580 sqft vs 1089 sqft) also contributes to the lower price. The proximity to schools and transportation links is a positive aspect, enhancing the property’s desirability. However, the quality of the local schools and the specific transport options require further investigation for a comprehensive evaluation.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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