Moving Homes Sales & Lettings Limited says ..

Property Oracle says ..

The property is a 2-bedroom, 1-bathroom house located on Morpeth Terrace in North Shields, Tyne and Wear. The list price is £80,000, and the property has a plot size of 643 sqft and 487.60 sqft of internal space. The property appears to be in good condition based on the provided photos. The interior is presented well, with modern flooring and updated kitchen and bathroom fixtures. There is no obvious evidence of significant repairs or renovations needed. The exterior is also in good condition. The property includes a small yard/garden area, which is a positive feature. While not extensive, it provides some outdoor space. Considering the average price per sqft in the area is £302, and the property is listed at £80,000, the price seems reasonable. However, it’s significantly lower than the average house price in the area (£525,346). This disparity is likely due to the property being smaller and possibly a terraced house rather than a detached or semi-detached property. Nearby comparable properties on Morpeth Terrace also support this lower price point. The nearby listings, while mostly flats, show a similar price range, further suggesting the list price is reasonable in the context of the local market for smaller properties. The proximity to several schools, although some with less-than-ideal Ofsted ratings, could also influence the lower price point. The location is in a residential area with nearby schools. However, information on transportation links is missing, which could impact the overall desirability of the location.

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

Images