Sell Your Tenanted Property says ..

Property Oracle says ..

The property is located on Whitehall Road in Gateshead, Tyne and Wear. It’s a 3-bedroom, 1-bathroom flat listed for £80,000 with a floor area of 785.77 sqft. The property is described as a good investment opportunity due to its tenanted status.

Based on the provided images, the property appears to be in generally fair condition, though some minor cosmetic updates might enhance its appeal. The kitchen shows signs of wear and tear, and some areas could benefit from repainting or minor repairs. The bathrooms also appear to require some updating. The garden is small and overgrown, requiring significant work.

The location is reasonably convenient, with several schools within a short distance, including Kelvin Grove Community Primary School (Good Ofsted rating) and Brighton Avenue Primary School (Outstanding Ofsted rating). Public transport links to Newcastle are also relatively close. However, the immediate surroundings appear somewhat less desirable, based on the exterior photos.

Considering the property’s condition, the relatively small size, and the limited outdoor space, the list price of £80,000 seems to be in line with comparable properties in the area. Nearby comparable properties range from £60,000 to £105,000, although the lack of square footage data for these properties makes a precise comparison difficult. The property’s status as a tenanted investment property may also influence its value.

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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