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North East
£25,000
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 in Pica presents a significant renovation project for those looking to create a personalized space. While the property shows visible signs of neglect, including peeling paint in the living room and dated fixtures in the kitchen and bathroom, this offers a canvas for potential buyers to modernize and enhance the home's character. The additional attic room and enclosed rear yard also provide opportunities for expanding living space or outdoor enjoyment, making it suitable for various layouts.
Located in a semi-rural area with pleasant country views, the property holds promise for those willing to invest in its transformation. However, it’s important to note that the overall condition is poor, and significant refurbishment is required throughout. The asking price of £25,000 puts it at a neutral value, as no floor area is provided to assess £/sqf compared to local averages. This could mean potential buyers can secure a property at a reasonable entry point, but be prepared for a full-gut programme as you embark on this 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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