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North East
£12,500Guide Price
Listed on 29/09/2026
Listed on 29/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This two-bedroom flat represents a significant opportunity for a full refurbishment, given its current state of neglect and wear throughout. The living areas, bedrooms, kitchen, and bathroom all show signs of being dated and in need of modernisation, but this also opens up the canvas for a creative renovation. With an approximate renovation budget of £40,000 to £80,000, buyers have the chance to reshape the space according to their vision, enhancing both functionality and aesthetics.
Although there's a lack of floor area information which prevents a precise value comparison against local averages, the guide price of £12,500 appears attractive for a project of this scale. Bidding can push the final price above this guide, so it’s worth keeping that in mind. The 63-year lease remaining also provides a timeline for potential investors to consider within their plans. Overall, while this flat requires extensive work, the potential for transformation could lead to a rewarding investment.
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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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