Bradley Hall Chartered Surveyors & Estate Agents says ..

Property Oracle says ..

This property in Shiney Row, Houghton le Spring, is a two-storey terraced building consisting of four self-contained flats: two two-bedroom and two one-bedroom units. The listing presents this as a residential investment opportunity, which significantly alters the evaluation criteria compared to a single-family home. The external appearance suggests the property requires some exterior work, which could account for some visual wear. Internal photographs show the interiors to be in fair condition, needing updating. The kitchen and living areas display dated fittings and carpets, while the bathroom presents a clean but basic appearance. The absence of plot size details means there’s no outdoor space to consider. The listed price of £150,000 positions it within the range of similar properties in the area, though the absence of square footage for each individual flat is missing which affects the accuracy of comparing the price. Determining the true value requires analysis of rental income potential, maintenance costs, and prevailing market rates for similar investment properties in the location. Prospective buyers should engage a surveyor for a comprehensive property inspection and consider seeking professional advice on the financial viability of the investment. The property’s proximity to several well-rated primary and secondary schools is a positive aspect for long-term rental prospects. However, the lack of detail on transportation options limits a comprehensive evaluation.

Therefore, we give this property 4 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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