One of the cheapest homes in the North East which is “in need of refurbishment” has hit the market priced at just £39,950 – take a look inside below.

The terraced property on Galt Street in Thornley, County Durham, has been described as an  “investment opportunity” for buyers.

The home lies in easy reach of Hartlepool Street containing the village’s amenities as well as local and schools, with two located just 0.3 and 0.5 miles away.

The Northern Echo: Galt Street, Thornley home.Galt Street, Thornley home. (Image: ZOOPLA)

The Northern Echo: Galt Street, Thornley home.Galt Street, Thornley home. (Image: ZOOPLA)

Access for commuters to the A1 and A19 is also easy, as Thornley is handily located in between both.

Agents say: “Mid-terraced house in need of some refurbishment works. An ideal investment opportunity, with no onward chain.

The Northern Echo: Galt Street, Thornley home.Galt Street, Thornley home. (Image: ZOOPLA)

The Northern Echo: Galt Street, Thornley home.Galt Street, Thornley home. (Image: ZOOPLA)

The Northern Echo: Galt Street, Thornley home.Galt Street, Thornley home. (Image: ZOOPLA)

“The living accommodation comprises: lounge, dining room and fitted kitchen.

“An open staircase leads to the first floor landing with two bedrooms and a bathroom leading off. Externally there's on street parking, front garden and yard to the rear. Internal inspection is essential.”

However, they have also confirmed that the property is in need of refurbishment.

The Northern Echo: Galt Street, Thornley home.Galt Street, Thornley home. (Image: ZOOPLA)

Inside, the staircase is directly opposite the front door which opens to the living room. A modern fireplace is installed opposite the stairs, with space for multiple sofas and chairs available.

This opens to a small dining room through double doors, which includes access to the backyard through patio doors.

The purple-painted kitchen is found at the rear of the home and includes two empty units for both a dishwasher and a washing machine.

Upstairs, the bathroom can be found, which is painted the same colour as the kitchen and contains a bath, sink and toilet.

The Northern Echo: Galt Street, Thornley home.Galt Street, Thornley home. (Image: ZOOPLA)

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The Northern Echo: Galt Street, Thornley home.Galt Street, Thornley home. (Image: ZOOPLA)

The two bedrooms are of a similar size. The master bedroom, overlooking the back of the home, contains one double wardrobe for storage and space for a double bed.

The smaller room could also fit a double bed bed but would be suited to a home office too.

Outside, the home features a small private front and back yard.