Sarah Mains Residential Sales and Lettings says ..

Property Oracle says ..

The property is a two-bedroom, two-bathroom apartment located in Hanover Mill, Newcastle Upon Tyne. The apartment appears modern and well-maintained, with a contemporary kitchen and bathrooms. The photos show a clean and updated interior. The apartment also benefits from a balcony offering views of the River Tyne and a nearby bridge. This is a significant positive aspect, enhancing the desirability and potentially the rental value of the property. The location in the Monument area of Newcastle Upon Tyne is generally considered desirable. Proximity to Newcastle train station (0.41 KM) suggests good transport links. The presence of several schools within a reasonable distance (although Ofsted ratings are not provided) is another positive factor for families or investors considering rental potential. However, the lack of information on the plot size and overall square footage of the apartment limits a complete assessment of the land and space available. Considering the average price of similar properties in the area (£219,624) and the average price per square foot (£227), the listed price of £155,000 appears relatively low, especially given the apparent good condition and desirable location. However, without knowing the actual square footage of this particular apartment, a definitive conclusion on price value cannot be made. The nearby listings show a range of prices, some significantly lower, indicating price variability in the area. Further investigation into comparable properties with similar features and square footage would be necessary to accurately assess the price.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images