
North East
£240,000
Listed on 02/10/2026
Listed on 02/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This is a usable, spacious three-bedroom semi with a generous lounge and kitchen-diner, utility room, driveway, single garage and enclosed garden. The older finishes offer a clear light-refresh canvas: redecorating and selective flooring updates could modernise the presentation, with a kitchen replacement an optional next step rather than an obvious urgent repair. The asking price is broadly in line with local £/sqf, which is reasonable for a project buyer, and the family-friendly Morpeth setting adds appeal.
The main caution is the economics: purchase plus the estimated £5,000–£15,000 works looks tight against local benchmarks, so the value case depends on buying well and keeping improvements focused. Overall, a manageable cosmetic project with useful space and practical extras, but not an obvious bargain on the numbers.
None recorded.
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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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