Goodfellows says ..

Property Oracle says ..

This two-bedroom terraced house in Chapel Park, Newcastle Upon Tyne is listed at £169,950. The property appears to be in good condition, with a modern kitchen and bathroom. The images show a small front garden. The location benefits from relatively close proximity to several schools rated ‘Good’ or ‘Outstanding’ by Ofsted, making it potentially attractive to families. However, the average house price in the area is significantly higher (£461,500), and the average price per square foot is also considerably more (£423.00) than what this property is listed for. Given that the property’s size is 600.50 sqft, and the average price per sqft in the area is £423, one might expect a price closer to £254,000. The list price is considerably lower than this figure. This discrepancy needs further investigation to determine if the lower price reflects a genuine market opportunity or if there are other factors influencing the listing price. Further information regarding the property’s condition, potential issues, or the specific market conditions in this immediate area would be beneficial in a more complete analysis.

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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