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Derwent Terrace, Burnopfield, NE16 - Image 1
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Derwent Terrace, Burnopfield, NE16 - Image 4
Derwent Terrace, Burnopfield, NE16 - Image 5

Derwent Terrace, Burnopfield, NE16

North East

£70,000
Listed on 10/05/2025

Property Details

Bedrooms
2
Type
Flat
Area
699 sqft

Description

This two-bedroom first-floor flat presents an intriguing opportunity for those interested in renovation and investment. With a well-proportioned layout, the property is ready for updates, allowing buyers to customize it according to their vision and style. Nestled in the desirable semi-rural village of Burnopfield, this flat benefits from a tranquil setting while maintaining convenient access to local amenities. The area is well-serviced by transport links, making it an appealing option for commuters looking to connect with neighboring towns and cities. The accommodation features a spacious lounge that opens up possibilities for reconfiguration or modern design elements. The kitchen is functional but in need of modernization, offering a blank canvas for culinary creativity. Both double bedrooms are generously sized and have the potential for personalized enhancements to create comfortable retreats. Additionally, the family bathroom provides opportunities for contemporary upgrades. This property not only allows you to establish a distinct living space but also represents a valuable investment in a sought-after location with growth potential. Whether you aim to renovate for personal use or as a rental opportunity, this flat is primed for transformation and future appreciation.

Investment Analysis

(NE16 area)

Below Market Value

This property is priced -53.4% below area average per sq ft

-53.4%
Potential saving
This Property
£100/sq ft
Area Average
£215/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£165,352
10% above area average per sq ft
Potential ROI
+65.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (NE16)

Area prices are falling by +11.3% over the last 12 months
3 year growth: 3.4%
5 year growth: 0.9%
Investment Disclaimer: Analysis based on NE16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Derwent Terrace, Burnopfield, NE16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,500 over 30 years at 4.19% interest

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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE