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North East
£150,000
Listed on 21/08/2026
Listed on 21/08/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This semi-detached property presents a well-maintained and spacious layout, ideal for buyers looking for a blank canvas to personalize. The inviting entrance leads into a bright lounge/diner, complemented by a modern kitchen and versatile outdoor space, making it a suitable option for families or those seeking a peaceful retreat. The south-facing garden enhances its appeal for outdoor relaxation, and the potential to convert the storage area into a third bedroom adds further value.
However, the opportunity here is tempered by the asking price of £150,000, which feels steep compared to the local average of around £243,946. The lack of usable floor area limits our ability to assess the price per square foot accurately, making it challenging to gauge true value. Additionally, the renovation costs estimated between £15,000 to £30,000 could stretch the overall investment, especially considering the local market's recent downturn of -1.0%. While the internal condition is good, the overall economics of this property may not align well with potential returns, especially in a fluctuating market.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Indicative tax based on the asking price and the options you select.
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