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North East
£23,000Guide Price
Listed on 28/08/2026
Listed on 28/08/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This one-bedroom flat presents a unique opportunity for renovation in a well-located area of Backworth. With a guide price of £23,000, it stands out as a cheap option compared to the local average sale price of £255,685, making it an enticing proposition for those looking to invest in property.
While the interior shows significant signs of wear and requires substantial refurbishment across all rooms, including the dated kitchen and bathroom, this project allows for a personal touch and the chance to modernize the space according to your vision. With a renovation budget in the range of £50,000 to £100,000, there's ample scope to create a comfortable living environment that could see good returns in a growing location.
None recorded.
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Map
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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