Rook Matthews Sayer says ..

Property Oracle says ..

This one-bedroom, first-floor flat located in North Jesmond, Newcastle Upon Tyne is listed at £80,000. The property is part of a retirement complex, as evidenced by the nearby property listings and description. The provided images show a relatively clean and maintained property but one in need of renovation and modernisation to bring it into the 21st century. The bathroom and kitchen appear particularly dated. The absence of a garden is a notable feature for many potential buyers. Jesmond is a popular area in Newcastle, known for its family-friendly atmosphere and proximity to several high-performing schools and transport links. The fact it’s aimed at the over 60’s market may limit the pool of potential buyers, hence why a price point analysis for similar properties in this niche market would be valuable, which is lacking here. Without precise square footage, a definitive analysis of price per square foot is impossible. The lack of available comparable sales data makes it challenging to determine whether the list price is above or below market value, however given the limited information it seems reasonable for the demographic it’s aimed at.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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