
North East
£295,000
Listed on 21/10/2026
Listed on 21/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
Cobwebs is a characterful village-house project with a lot to work with: exposed beams, fireplaces and timber details, several reception spaces, and substantial established gardens. The interiors are usable but dated, giving a buyer scope to modernise the kitchen and bathroom, refresh décor and flooring, and retain the period character. The adjoining workshop/utility area may also offer scope for a more useful layout, subject to feasibility.
At £295,000, the asking price is about £200 per sq ft, around 24% below the local average—a strong acquisition point. The £35,000–£65,000 renovation range indicates a meaningful but manageable project; the engine’s midpoint illustration leaves a 12.8% margin against the implied current local average value, before fees and other costs. The gardens, period features and flexible reception space give this one a distinctive canvas.
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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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