
North East
£40,000Guide Price
Listed on 24/10/2026
Listed on 24/10/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
At £40,000, this two-bedroom house is priced at about £61/sq ft against a local average of £156/sq ft—a substantial discount that gives the project its clearest appeal. The pictured lounge, kitchen, bathroom and bedrooms offer a full-gut canvas: there is scope to renew the worn finishes and flooring, rework the dated kitchen and bathroom, and create a more coherent interior. The rear yard and the absence of clear major roof failure in the exterior view are additional positives.
The condition score is limited, so this is a hands-on project rather than a quick refresh. Works are estimated at £35,000–£55,000; visible staining and wall discolouration should be investigated as part of planning the job. The overall score is C: the low entry price and project potential are strong, while the scale of the works is the main constraint.
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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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