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North East
£145,000
Listed on 07/09/2026
Listed on 07/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This three-bedroom mid-terrace home is priced attractively at £145,000, significantly below the local average sale price of £206,937, offering a potential opportunity for those looking to invest in a renovation project. While the property requires substantial refurbishment, with dated interiors and general wear observed throughout, this presents a canvas for improvement. The kitchen and bathroom are in need of replacement, and the living areas and bedrooms would benefit from modernisation, but the overall structure appears sound, allowing for creative renovations that could enhance the property's appeal.
The property's location offers good rental yield potential, estimated at around 6.83%, which could attract investors looking for a rental opportunity. With a projected post-refurb valuation of £190,000, the financial incentives are promising, provided that the renovations are executed with care. Additionally, the presence of a garage and a rear garden adds to the overall appeal, making this a worthwhile project for the right buyer.
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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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