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North East
£40,000Guide Price
Listed on 02/09/2026
Listed on 02/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This two-bedroom mid-terraced house presents a project with significant potential for those looking to invest in a full refurbishment. Priced at £40,000, the asking figure is notably lower than the local average, making it an enticing opportunity for buyers willing to take on the extensive work required. The property is located near the town centre, which adds to its appeal, especially for a family or investor looking to add value through renovation.
However, the condition of the house is poor throughout, with significant wear and damage visible in the living areas, bedrooms, and kitchen. The bathroom also requires a complete overhaul. The garden and exterior show signs of neglect, indicating that considerable effort will be needed to restore the property to a livable standard. This is a heavy project, and prospective buyers should be prepared for a full-gut renovation and a works budget in the region of £100,000 to £150,000.
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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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