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North East
£20,000Guide Price
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: LOW
This one-bedroom terraced bungalow presents a project with significant potential for improvement, especially for those who can see beyond the visible signs of neglect and boarded windows. While the property is in poor overall condition, it offers a quiet location with an open aspect to the front, making it appealing for a renovation that could enhance both the living space and the garden. The opportunity to completely reconfigure the interiors and create a modern living environment is an exciting prospect for the right buyer.
With a guide price of £20,000, this property is well below the local average sale price, which is a positive aspect for potential investors. However, bidders should be aware that the eventual sale price may exceed the guide during the auction. Given the heavy renovation scale, expect a budget of £50,000 to £100,000 to bring this home back to life. This is not a light refresh; it's a full-gut project requiring significant investment and commitment.
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Map
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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