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North East
£120,000
Listed on 05/10/2026
Listed on 05/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This traditional three-bedroom semi-detached home presents a compelling opportunity for buyers looking to modernise and inject their personal style into a property. The asking price of £120,000 is notably cheap compared to the local average of £135/sqf, making this a potentially attractive acquisition for first-time buyers or families seeking a project. The generous layout offers plenty of scope for improvement, with two well-proportioned reception rooms, a kitchen with dated features, and three bedrooms served by a family bathroom, all awaiting a fresh touch.
However, significant refurbishment is required throughout, with worn carpets and outdated decor noted in the living areas, and dated fixtures in the kitchen and bathroom. The all-in costs, estimated to be around £210,000 after renovation, stretch the budget compared to local benchmarks, presenting a challenge for potential buyers. Stripped interiors and a £60,000–£120,000 works budget make this a full-gut programme, not a refresh, and buyers should be mindful of the investment required to achieve a modern finish.
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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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