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Belsay Close, Pegswood, NE61 - Image 1
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Belsay Close, Pegswood, NE61 - Image 7

Belsay Close, Pegswood, NE61

North East

£80,000
Listed on 13/02/2026

Property Details

Bedrooms
1
Type
Terraced house
Area
457 sqft

Description

Nestled in the quiet locale of Pegswood, this one-bedroom terraced home presents a promising opportunity for renovation and investment. The property features a welcoming lounge that flows into the kitchen, which is equipped with essential fixtures and overlooks an enclosed rear yard, perfect for outdoor potential. Upstairs, the spacious double bedroom benefits from built-in storage solutions, while the bathroom is functional with a shower over bath setup. Although the interior requires comprehensive updating to meet modern standards, its strategic location near local amenities, transport links, and access to Morpeth makes it ideal for first-time buyers or investors looking to enhance value. With gas central heating and mains services in place, the groundwork is set for transforming this space into a comfortable dwelling or rental asset.

Investment Analysis

(NE61 area)

Below Market Value

This property is priced -28.4% below area average per sq ft

-28.4%
Potential saving
This Property
£175/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£267
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£122,835
10% above area average per sq ft
Potential ROI
+17.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NE61)

Area prices are rising by +4.0% over the last 12 months
3 year growth: +15.7%
5 year growth: +16.2%
Investment Disclaimer: Analysis based on NE61 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

Belsay Close, Pegswood, NE61
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£289
Based on a loan of £60,000 over 30 years at 4.06% 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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