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Rowan Drive, Newcastle Upon Tyne

North East

£105,000
Listed on 16/10/2025

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat on the first floor offers a solid foundation for renovation and personalization, making it a promising opportunity for both first-time buyers and seasoned investors. With no upper chain, this property allows for a quick transition into your next venture. The living space features a spacious reception room with large windows that flood the area with natural light, enhancing the atmosphere of the room. The wood flooring contributes to its character, creating a warm and inviting environment. Adjacent to this is a well-proportioned kitchen that not only provides ample cooking space but also includes an area designated for dining, offering potential for modifications to suit your preferences. Both bedrooms are generously sized, particularly the master bedroom which can accommodate substantial furnishings and storage solutions. The second bedroom maintains its double size, providing versatile options, whether as a guest room or a dedicated workspace. Situated in a desirable location, this property benefits from close proximity to local shops, cafes, and essential services, enhancing daily convenience. Public transport options nearby ensure easy access to broader areas for commuting or leisure activities. Investing in this flat presents an excellent opportunity to tailor the living space according to personal aesthetics and needs. The potential for increased value through thoughtful renovations should not be overlooked. Coupled with its strategic location and no upper chain facilitating easier transactions, an early viewing is recommended to fully appreciate what this property has to offer. As with any property in the North East, it’s prudent to conduct appropriate searches regarding its mining heritage; consultation with a conveyancer will provide clarity on any implications. This leasehold flat comes with 125 years remaining from 1986 along with an annual ground rent of £10. For further details regarding tenure and costs, verification through your legal advisor is advisable prior to proceeding. The council tax band is B.

Investment Analysis

(NE20 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£305
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (NE20)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -1.6%
5 year growth: 16.0%
Investment Disclaimer: Analysis based on NE20 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

Rowan Drive, Newcastle Upon Tyne
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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
£385
Based on a loan of £78,750 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.

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