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North East
£80,000
Listed on 15/09/2026
Listed on 15/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This two-bedroom terraced house in Heworth Court presents a solid opportunity for a first-time buyer or investor looking to make their mark. Priced at £80,000, the asking figure is reasonable compared to the local average of £195/sqf, coming in at £183/sqf, which offers a slight cushion for buyers. The property requires a medium-scale renovation, with a refurbishment range estimated between £40,000 to £80,000, allowing for significant personalisation and modernization throughout. The dated interiors, particularly in the kitchen and living areas, are an open canvas for updates, while the average condition of the garden and exterior suggests manageable improvements can enhance curb appeal and outdoor space.
However, there are concerns regarding the overall economics of the project, as the all-in costs of approximately £140,000, when factoring in the renovation midpoint, stretch the value against local benchmarks for similar properties. This could pose a risk in terms of resale value, particularly in a fluctuating market. Therefore, while there is potential for an appealing home in a good location, buyers should proceed with caution regarding the financial aspects of the investment.
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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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