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Hollings Terrace, Chopwell, NEWCASTLE UPON TYNE - Image 1
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Hollings Terrace, Chopwell, NEWCASTLE UPON TYNE

North East

£40,000
Listed on 21/02/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terrace property, situated in the semi-rural village of Chopwell, represents an intriguing investment opportunity with significant potential for refurbishment. Located approximately 13 miles from Newcastle city centre, it benefits from nearby local amenities, schools, and convenient public transport connections to major roadways. The property currently requires comprehensive updating throughout, making it an ideal project for those seeking to create a buy-to-let option or a comfortable home tailored to personal preferences. Features include a ground floor comprising an entrance area, lounge, and dining kitchen, with two bedrooms and a bathroom located on the first floor. The exterior offers front and rear garden spaces that could be revitalized as part of the renovation process. Overall, this property is poised for transformation into a desirable residence.

Investment Analysis

(NE17 area)
Area Average
£114/sq ft
Avg Rent (weekly)
£173
Avg Yield
7.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (NE17)

Area prices are falling by -29.1% over the last 12 months
3 year growth: -41.8%
5 year growth: -33.0%
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.

Location

Hollings Terrace, Chopwell, NEWCASTLE UPON TYNE
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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
£144
Based on a loan of £30,000 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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