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North East
£55,000Guide Price
Listed on 24/09/2026
Listed on 24/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This three-bedroom mid-terraced house presents a substantial investment opportunity, although it is currently in poor condition requiring extensive refurbishment. The visible dampness and peeling paint on the exterior signal a need for significant works, but the traditional layout and attic conversion provide a solid foundation for transformation into a desirable family home or rental property.
With a renovation budget estimated between £100,000 and £150,000, there is ample scope to enhance the living space and potentially increase its market value. However, due to the missing floor area, we cannot assess the price versus local £/sqf at this stage. The guide price of £55,000 suggests a value that may attract keen interest, especially as bidding can push the hammer price above this figure. Investors should be prepared for a heavy project scale, as the interiors will require a full gut renovation to address the visible issues and create a modern living environment.
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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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