
North East
£40,000
Listed on 23/10/2026
Listed on 23/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This one-bedroom bungalow is a light, manageable modernisation project: the rooms look generally usable, while the older kitchen and bathroom finishes, flooring and fittings offer clear scope for a fresh, more contemporary feel. Maintained communal gardens and views over Gillford Park add appeal, and the exterior appears broadly intact. The £8,000–£16,000 renovation range gives a sense of the work involved, but the 52/100 D grade reflects that value and residual potential remain hard to judge: floor area is missing, so the price cannot be compared with local £/sqf.
None recorded.
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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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