Rickard Chartered Surveyors & Estate Agents says ..

Property Oracle says ..

This property is a 3-bedroom semi-detached house located in Morpeth, Northumberland. The property benefits from being close to local amenities and transport links, with Morpeth train station only 0.30km away. There are also several schools within a reasonable distance, including Morpeth First School which has an ‘Outstanding’ Ofsted rating.

The property itself appears to be in need of some modernisation. The interior photos show dated décor and carpets, suggesting that some updating would enhance its overall appeal and value. The kitchen appears functional but dated, and the bathrooms while functional, are also in need of updating. The garden is present and of a reasonable size, although it could benefit from some landscaping.

Considering the average house price in the area is significantly higher at £549,545, and the average price per sqft is £426, the asking price of £240,000 for this property seems relatively reasonable, especially considering its need for modernisation. However, the lack of sqft data for this property and the surrounding properties makes it difficult to make a definitive statement on the price per sqft. Nearby comparable properties range from £190,000 to £395,000, indicating some price variation in the area. The property’s location and proximity to amenities are positive factors that could justify its price point.

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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