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North East
£260,000
Listed on 09/09/2026
Listed on 09/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This spacious four-bedroom mid-terraced family home presents a solid renovation opportunity, particularly appealing for those looking to create a personalized living space. The generous layout includes a dual aspect lounge/diner and a well-equipped kitchen, both of which could benefit from modern updates to enhance their functionality and aesthetic appeal. The property features good outdoor space with attractive gardens and the added convenience of driveway parking and an integral garage, making it a practical choice for family living.
However, the asking price of £260,000, translating to £244/sqf, comes in at a notable 12.4% above the local average of £217/sqf. Coupled with an all-in renovation cost of around £320,000, this leaves the total investment stretching against local benchmarks for similar properties in the area. This highlights a key risk as it may be challenging to achieve a strong return on investment without significant value-adding improvements. While the property has great potential, it's essential for buyers to carefully consider the financial implications of the renovation before proceeding.
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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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