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North East
£115,000Guide 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 detached bungalow presents a substantial renovation opportunity for those looking to create a modern home in a desirable rural location. With an asking price of £115,000, this property is significantly below the local average sale price of £396,816, making it an attractive entry point for creative buyers. However, the lack of usable floor area information limits the overall opportunity score, indicating the need for a thorough assessment of the property's potential.
The bungalow's dated condition, including the exterior and overall interiors, offers a blank canvas for renovation enthusiasts. The layout consists of two reception rooms, a kitchen, a bathroom, and a bedroom, providing a solid foundation for reimagining the space. The project allows for significant modernization, including landscaping to enhance the outdoor appeal, which could add considerable value to the property.
However, it's essential to recognize that this is a heavy renovation project. Stripped interiors and a renovation budget of £10,000 to £50,000 indicate that buyers should be prepared for a full-gut programme rather than just cosmetic updates. Additionally, the dated condition raises concerns that should be factored into the planning process, particularly regarding potential structural issues or damp that may arise during the works.
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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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