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North East
£28,000Guide Price
Listed on 03/09/2026
Listed on 03/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This one-bedroom flat presents a compelling opportunity for buyers looking to invest in a project with significant scope for improvement. Priced at £28,000, the asking price is notably below the local average, providing a solid entry point for renovation enthusiasts. The property is offered with vacant possession, allowing immediate access for renovations, which is a great advantage.
While the overall condition is dated, with a tired kitchen, bathroom, and living areas, this also creates a blank canvas for personalisation and modernisation. The garden is in poor condition, but with some effort, it could enhance the property's appeal. Despite the need for substantial refurbishment, the location near local amenities adds to its value potential. Overall, this listing could be a worthwhile investment for those ready to roll up their sleeves and transform a dated space into a modern home.
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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