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North East
£30,000
Listed on 13/09/2026
Listed on 13/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This two-bedroom ground floor flat presents a solid opportunity for those looking to invest in a refurbishment project. While the interior is dated and shows signs of wear, the property benefits from a private outdoor space and is conveniently located near the amenities of Felling High Street. With a renovation budget estimated between £40,000 and £80,000, there is ample scope to modernize and add value to the flat, potentially transforming it into a desirable living space.
The listing is priced at £30,000, but the lack of usable floor area means that its value versus local £/sqf cannot be assessed at this time. However, this could represent a lower entry point for buyers willing to take on the significant refurbishment needed. The existing kitchen and bathroom fixtures, along with other interior finishes, are outdated, providing a clear canvas for improvement. With Felling's amenities and transport links nearby, this flat holds promise for the right buyer willing to invest in its modernization.
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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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