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North East
£79,950
Listed on 03/10/2026
Listed on 03/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This two-bedroom semi-detached house on Terrier Close is a compelling buy for investors looking for a renovation project. Priced at £79,950, this property is well below the local average price per square foot, presenting a unique opportunity to acquire a home that can be transformed into a rental asset with significant potential. The spacious living room and dedicated dining area provide a solid foundation for modernisation, and the kitchen, while functional, could benefit from some updating to enhance its appeal.
However, the property does require extensive refurbishment, with substantial signs of neglect visible throughout. The bedrooms, bathroom, and garden all need clearing and updating, making this a full-gut programme rather than a light refresh. Despite these challenges, the potential for a good rental yield of approximately £695 per month post-renovation offers a solid incentive for buyers willing to invest in the necessary works.
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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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