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28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 1
28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 2
28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 3
28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 4
28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 5
28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 6
28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 7
28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 8
28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX - Image 9

28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX

North East

£59,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1211 sqft

Description

This three-bedroom property presents a compelling opportunity for renovation and investment in the charming village of Chopwell. The layout features an inviting entrance hallway that leads to two reception rooms, offering versatility for various uses. The kitchen is equipped with a pantry and provides access to a private rear yard, ideal for outdoor initiatives or simple relaxation. Upstairs, you will find three well-sized bedrooms along with a family bathroom featuring a three-piece suite. While the property requires refurbishment, it holds significant potential; with the right vision and investment, it could be transformed into multiple flats, subject to obtaining the necessary consents. Located in the heart of Chopwell, this residence is part of a welcoming community just 12 miles west of Newcastle upon Tyne. The area is characterized by its tranquil residential atmosphere and beautiful surrounding countryside. Local amenities are conveniently situated nearby, including Chopwell Primary School, making it particularly appealing to families or those looking for long-term rental options. With a total square footage of 1,211 sq ft and ample scope for improvement, this property is not only an attractive home but also represents an exciting investment opportunity in a village that balances rural charm with accessibility to urban centers.

Investment Analysis

(NE17 area)

Below Market Value

This property is priced -56.7% below area average per sq ft

-56.7%
Potential saving
This Property
£49/sq ft
Area Average
£112/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£149,795
10% above area average per sq ft
Potential ROI
+37.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (NE17)

Area prices are falling by +28.6% over the last 12 months
3 year growth: -32.3%
5 year growth: -21.6%
Investment Disclaimer: Analysis based on NE17 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.

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Location

28 and 30 Derwent Street, Newcastle upon Tyne, NE17 7HX
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