Pattinson Estate Agents says ..

Property Oracle says ..

This property is a two-bedroom flat located in Collingwood Court, Washington, Tyne and Wear. The listing price is £20,000. The property is situated within a short distance of Marlborough Primary School and Usworth Colliery Primary School, both rated as “Good” by Ofsted. The flat itself appears to be in need of significant renovation, as evidenced by the provided photographs showing damaged walls, exposed wiring, and incomplete flooring. The kitchen and bathroom also require updating. While the property benefits from communal gardens, as shown in the aerial photograph, the overall condition significantly detracts from its value. Considering comparable properties in the area, which range from £15,000 to £37,000, the listed price of £20,000 may seem reasonable if the buyer is prepared to undertake extensive renovations. However, the necessary repairs could potentially exceed the current asking price. The location is positive, with schools nearby, but the condition of the property is a major factor.

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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