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North East
£45,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This two-bedroom mid-terrace house presents a significant renovation opportunity, particularly given its good location near amenities and the city centre. The property is currently in poor condition, with worn interiors, damaged flooring, and signs of neglect throughout. However, its vacant status allows for immediate work, enabling a new owner to reimagine the space entirely, including potential updates to the dated kitchen and overall layout.
While the asking price of £45,000 suggests a low entry point, the lack of usable floor area means we can't yet assess its value against local averages. The renovation estimate ranges from £40,000 to £80,000, indicating a heavy refurbishment project ahead. This is an ideal canvas for someone looking to create a modern living space in a sought-after area, but it will demand a thorough approach to bring it back to life.
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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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