
North East
£200,000
Listed on 08/10/2026
Listed on 08/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This three-bedroom conversion has plenty of character to work with: exposed beams, stonework, timber floors, fireplaces and French doors opening to balconies and the patio give it a distinctive starting point. The kitchen and bathrooms are dated, while the ground-floor bedroom has prominent staining and deterioration; the listing also calls for remedial roof work above it. That creates a clear project to investigate and improve, with the patio and outdoor areas offering scope for personalisation too.
The overall opportunity is graded D, with the project’s condition limiting the score despite good location and fundamentals. Floor area is missing, so value versus local £/sqf cannot yet be judged; the £200,000 asking price alone is not enough to assess whether it represents good value. The £12,000–£30,000 renovation range indicates a more involved job than a cosmetic refresh, particularly given the roof and affected bedroom, so the repair scope should be established before budgeting.
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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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