Savills says ..

Property Oracle says ..

This property at 31 Hilda Terrace, Throckley, is a three-bedroom terraced house listed for auction at a notably low price of £42,500. The property is described as needing modernisation throughout and is currently vacant. Images reveal a property in need of considerable repair, with at least one boarded-up area visible. The location in Throckley offers proximity to several schools, including the outstanding Throckley Primary School, and the area also benefits from access to train stations at Blaydon and Wylam. However, the overall condition of the property presents a significant challenge to potential buyers. While the low price might seem appealing, the substantial cost of renovations must be factored in to make it habitable and sellable. The small garden is a positive but does not compensate for the extensive work needed. The lack of bathroom details could indicate that facilities need to be installed/updated. Overall this property presents a high-risk, high-reward proposition, best suited to experienced investors or buyers who are comfortable with considerable renovation projects. Potential buyers should factor in the cost of repairs, which could substantially outweigh the initial purchase price. The lack of square footage and plot size data limits a precise valuation of land and building sizes. This property is primarily appealing for its potentially low cost entry point but requires caution in considering the risks associated with its substantial renovation needs.

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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