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North East
£120,000
Listed on 25/09/2026
Listed on 25/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This two-bedroom semi-detached home offers a spacious layout and a generous outdoor space, making it an attractive option for first-time buyers or investors. However, the asking price of £120,000 translates to £219/sqf, which is notably above the local average of £183/sqf, indicating that it may be priced on the higher side for the area. While the property has potential with its large living room and good-sized bedrooms, the needed cosmetic updates across all areas, including the dated kitchen and bathroom, will require a renovation budget of £20,000 to £40,000. This brings the all-in costs to about £150,000, which is significantly higher than the implied local average value of £100,357, presenting a challenging economic picture for prospective buyers.
Despite these concerns, the property's size and layout offer a solid foundation for those willing to invest time and resources into modernising the interiors. The outdoor space adds to its appeal, providing a canvas for further enhancement. For buyers who can see beyond the current state and are prepared to undertake a project, this home could transform into a comfortable and stylish residence.
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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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