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Willow Grove, Tyne and Wear NE28

North East

£65,000
Listed on 21/12/2025

Property Details

Bedrooms
3
Type
Flat
Area
667 sqft

Description

This three-bedroom upper floor flat, located conveniently on Willow Grove, presents a promising opportunity for investors or homebuyers looking to add value through renovation. The property boasts an entrance hallway leading to a first-floor landing, a spacious lounge equipped with built-in storage, and a kitchen featuring both floor and wall units with access to the rear. It offers two well-sized double bedrooms alongside a single bedroom and a family bathroom. While the flat requires some modernisation, it is offered without any upper chain, allowing for a straightforward purchasing process. Viewing is highly recommended to appreciate the potential this property holds.

Investment Analysis

(NE28 area)

Below Market Value

This property is priced -43.1% below area average per sq ft

-43.1%
Potential saving
This Property
£97/sq ft
Area Average
£171/sq ft
Avg Rent (weekly)
£178
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£125,756
10% above area average per sq ft
Potential ROI
+39.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (NE28)

Area prices are stable by +0.1% over the last 12 months
3 year growth: 11.8%
5 year growth: 24.6%
Investment Disclaimer: Analysis based on NE28 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

Willow Grove, Tyne and Wear NE28
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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
£238
Based on a loan of £48,750 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.

Next Steps

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