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1 Crofton Way, Newcastle upon Tyne

North East

£36,000
Listed on 14/03/2026

Property Details

Bedrooms
1
Type
Flat
Area
440 sqft

Description

This one-bedroom ground floor flat presents a significant opportunity for those looking to invest in a property that requires renovation. The layout consists of an Entrance Porch leading into a Lounge, Kitchen, Bathroom, and Bedroom, all of which need updating. With no upper chain involved, this flat is ideal for buyers interested in a project. As it stands, the property is awaiting new ideas and improvements to unlock its full potential. It operates under the Modern Method of Auction, setting a clear timeline for completion within 56 days. A Buyer Information Pack will be available, and interested parties are encouraged to assess the property thoroughly before making any bids.

Investment Analysis

(NE15 area)

Below Market Value

This property is priced -58.7% below area average per sq ft

-58.7%
Potential saving
This Property
£82/sq ft
Area Average
£198/sq ft
Avg Rent (weekly)
£236
Avg Yield
6.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£95,856
10% above area average per sq ft
Potential ROI
+57.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE15)

Area prices are rising by +5.4% over the last 12 months
3 year growth: -1.4%
5 year growth: +13.2%
Investment Disclaimer: Analysis based on NE15 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

1 Crofton Way, 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
£130
Based on a loan of £27,000 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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