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North East
£675,000
Listed on 04/09/2026
Listed on 04/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
The Old Chapel presents an exceptional opportunity for buyers seeking a spacious and characterful property. With an asking price of £675,000 equating to just £88/sqf, this is significantly below the local average of £154/sqf, making it a compelling option for those looking to acquire and add value. The original features throughout the converted chapel, including stunning arched and stained glass windows, add unique charm and character, while the generous living areas promise a comfortable lifestyle.
The property also boasts an adjoining block of four part-finished flats, which presents a unique chance to further enhance the investment potential. Each flat is at the first-fix stage, equipped with essential infrastructure, allowing for a relatively straightforward completion. The expansive garden and ample parking enhance the overall appeal, making this a versatile property for various accommodation and rental uses. With a renovation range of £100,000 to £200,000, there is plenty of scope for creativity and improvement, transforming this characterful space into a lucrative investment or a wonderful family home.
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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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