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North East
£390,000
Listed on 07/10/2026
Listed on 07/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This spacious five-bedroom detached house in a popular cul-de-sac location offers a notable opportunity for those looking to invest in a renovation project. While the interior is showing its age with dated decor and fixtures in several areas, this provides a blank canvas for modernisation. The living areas, kitchen, and bathrooms all require updating, but the generous space allows for creative reimagining. The property benefits from gas central heating and double-glazed windows, which can be advantageous during the renovation process.
At a guide price of £390,000, the asking price sits slightly above the local average on a £/sqf basis, but it's not excessively high given the scale of the work needed. However, the all-in costs, which include the purchase price and an estimated renovation budget, stretch the potential margin versus local benchmarks. This factor should be considered carefully by prospective buyers. Overall, while the economics present a challenge, the spacious layout and no chain sale could attract those willing to take on the project.
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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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