Annfield Place, Greencroft, Stanley, DH9
North East
£65,000
Listed on 06/10/2026
Listed on 06/10/2026
The listing
Property details
Bedrooms
2Type
TerracedFeatures
- Garden
Description
This two-bedroom terraced house in Greencroft offers approximately 596 sq ft over two floors, with a front lounge, rear kitchen and first-floor bathroom. The lounge provides a separate reception area, while the kitchen has a practical layout and scope for updating. Upstairs are a principal double bedroom and a second bedroom that could also be used as a guest room or home office. The bathroom includes a bath with overhead shower, wash basin and WC.
Outside, the property has a rear yard and a front garden shared with the neighbouring property. The listing describes the house as needing cosmetic updating, giving a purchaser the opportunity to refresh the interiors to their requirements. Services and appliances have not been tested, and measurements are provided as a guide.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
58out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £65,000, this two-bedroom terrace is priced below the local average per square foot, making it an attractive low-cost entry point for a buyer looking to add value. The lounge is a separate, usable space, and the fitted kitchen and bathroom appear serviceable; dated finishes and worn carpets give the project a clear, manageable scope for redecoration, flooring updates and tidying the front garden and rear yard. The visible exterior looks generally intact, though the roof condition is not established by the photos.
The overall score is still weak: the asking price is a strength, but the purchase price plus the renovation midpoint comes to £74,000, slightly above the implied current local average value of £72,742. This is a cosmetic project with potential to create a more appealing home, but the numbers leave little headroom against that local benchmark.
Key opportunities
- Acquire below the local average price per square foot, with a low asking price for a two-bedroom terrace.
- Refresh dated finishes and replace worn, stained carpets to give the lounge and bedrooms a cleaner, more contemporary feel.
- Tidy the shared front garden and rear yard to improve the property's first impression and outdoor spaces.
Key risks
None recorded.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£246
Based on a loan of £48,750 over 30 years at 4.45% interest
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
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-6.5% since listed
£65,000£4,500(-6.5%)
19/10/2026£69,500Initial listing
05/10/2026Services
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