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North East
£140,000
Listed on 18/09/2026
Listed on 18/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom semi-detached house presents a notable refurbishment opportunity, particularly with its potential for extension on a generous corner plot. While the asking price of £140,000 is higher than the local average at £161/sqf compared to £122/sqf, the property offers a good location and a well-maintained garden, which adds appeal. Inside, the home features dated interiors, including older kitchen and bathroom fittings, but this allows for significant scope to modernize and add value. The proposed plans suggest a fantastic open-plan layout that could transform the existing space into a contemporary family home.
However, the renovation costs, estimated between £50,000 and £100,000, push the all-in expenditure to between £215,000 and £240,000, which is considerably higher than the implied local average value of £106,428. This stretches the economics of the project, making it less favorable when compared to local benchmarks for similar properties. While there is potential here, prospective buyers should carefully consider the financial implications before proceeding, especially given the higher asking price relative to local values.
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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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