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North East
£58,000Guide Price
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: LOW
This four-bedroom detached house on Forth Close presents a notable opportunity for those looking to invest in a significant renovation project. The asking price of £65,000 is appealingly low compared to the local average of £95,723, making it an attractive buy for buyers who can see past its current poor condition. The property offers a generous plot size and spacious interiors, ideal for reconfiguration to create a modern family home with great potential for value increase after refurbishment.
However, the property requires extensive work, with the kitchen and overall interiors showing signs of neglect. The garden is also in poor condition, which adds to the scope of the project. This is a full-gut job, meaning it will need considerable investment and effort to bring it up to standard. While the potential for improvement is significant, prospective buyers should be prepared for a comprehensive renovation budget estimated between £100,000 and £150,000. If you are willing to take on a heavy project, this house could transform into a desirable residence in a good location.
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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.
Pricing
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