
East of England
£40,000
Listed on 22/09/2026
Listed on 22/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This is a substantial conversion project rather than a straightforward house purchase: the brick building is derelict, with boarded openings, overgrown surroundings and weathered, uneven roof tiles. Its blank-canvas appeal is the chance to investigate a new layout and future use, with four parking spaces and a surfaced area adding practical flexibility. The listing suggests possible small commercial uses, but these are subject to planning and other required consents, and the building’s condition and suitability need proper assessment.
The overall opportunity scores 34/100 (grade E), reflecting limited investability and elevated risk. Floor area is missing, so value versus local £/sqf cannot yet be judged; the £40,000 headline price alone does not establish whether it is cheap or dear. No renovation range is available, so the scale and cost of the works remain to be established.
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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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