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Freehold Avenue, Choppington, NE62 - Image 1
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Freehold Avenue, Choppington, NE62

North East

£100,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
766 sqft

Description

This three-bedroom mid-terrace home presents a promising opportunity for those interested in renovation and investment. With a layout that includes a front-facing living room and a separate kitchen/dining area, the property offers a solid foundation for modernization. The first-floor shower room supports the bedrooms, providing essential convenience. The rear garden, generously sized, holds significant potential for outdoor enhancements or landscaping projects, making it ideal for families or those seeking additional recreational space. While the interior is in need of modern updates, the absence of an onward chain allows for a more streamlined ownership transition. Situated in a location that is well-connected to local amenities, schools, and transportation options, this property not only offers comfort but also promises added value through renovations. Prospective buyers should be aware that the structure is constructed from steel; thus, consultation with mortgage lenders regarding financing options is advisable before proceeding with viewings. This unique construction aspect may influence lending opportunities but adds another layer of consideration for savvy investors looking to transform this property into something special.

Investment Analysis

(NE62 area)

Below Market Value

This property is priced -22.7% below area average per sq ft

-22.7%
Potential saving
This Property
£131/sq ft
Area Average
£169/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£142,315
10% above area average per sq ft
Potential ROI
+9.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NE62)

Area prices are rising by +3.1% over the last 12 months
3 year growth: 17.3%
5 year growth: 33.3%
Investment Disclaimer: Analysis based on NE62 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

Freehold Avenue, Choppington, NE62
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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
£366
Based on a loan of £75,000 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