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North East
£200,000
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
This semi-detached bungalow presents a unique opportunity for those looking to create their own space. With a guide price of £200,000, it's notably cheap compared to the local average of £269/sqf, which positions it as an attractive entry point for buyers seeking a project. The property features solid oak doors and a generous plot, offering tremendous potential for modernisation and extension, subject to planning permissions. The spacious living room and potential for a garage add to its appeal, allowing for creative redesign and layout improvements.
However, the renovation economics are a concern. The all-in cost, estimated at £325,000, exceeds the implied local average value of £260,908. This makes the financials stretched, particularly given the significant refurbishment required throughout the property. General neglect is evident in several areas, including the kitchen, bathroom, and overall interiors, indicating a heavy renovation project ahead. Buyers should be prepared for a full-gut job to transform this house into a desirable 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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