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North East
£50,000
Listed on 01/09/2026
Listed on 01/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This two-bedroom mid-terrace house presents a unique opportunity for buyers looking to invest in a property that requires significant modernisation. Priced at £50,000, this home is positioned well below the local average sale price of £131,917, making it an attractive option for those willing to undertake renovation work. The exterior and roof are in good condition, which is a solid foundation for any updates you may wish to implement.
The property benefits from off-road parking and garden areas, both of which add to its appeal. The garden, while currently dated, provides a blank canvas for landscaping and outdoor improvements. Located in Washington, the house is conveniently situated near local amenities, enhancing its potential value. With extension potential subject to consents, there’s room to grow this property into a more substantial family home.
Overall, while the property requires a good deal of work and there are limited details regarding renovation costs, its low asking price presents a reasonable entry point for buyers looking to add value through their efforts.
None recorded.
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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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