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North East
£83,500
Listed on 22/09/2026
Listed on 22/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This three-bedroom cottage presents a solid opportunity for first-time buyers or investors looking to create a personalized home. With an attractive asking price of £83,500, significantly lower than the local average of £199,819, there's a chance to capitalize on value in a quiet residential area. The property features a good-sized living room warmed by a gas log effect stove, a fitted kitchen with ample space, and a modern shower room, although all interiors show signs of wear and would benefit from cosmetic updates.
The enclosed yard and small garden enhance its appeal, providing a delightful outdoor space. The peaceful location, close to local amenities and the beautiful North East coastline, adds to its potential. With a renovation range of £20,000 to £40,000, buyers can transform this dated interior into a lovely home that reflects their personal style. Overall, while the property does require some work, the combination of the price point and location makes it a worthwhile consideration for those ready to invest in a project.
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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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