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Underhill Terrace, Springwell

North East

£110,000
Listed on 17/03/2026

Property Details

Bedrooms
2
Type
Terraced

Description

Located in the sought-after community of Springwell, this two-bedroom mid-terraced property offers a blank canvas for individuals looking to infuse their personal style into a classic home. While the residence has been maintained over the years, it will benefit from modernisation, making it an excellent opportunity for investors or first-time buyers eager to create a living space tailored to their preferences.<br><br>The ground floor features a generously sized living room that invites natural light, perfect for reimagining as a cozy gathering space. The kitchen is spacious with good potential for redesign, complemented by a practical utility area that adds functionality. This well-cared-for home retains a welcoming atmosphere that suits daily life while offering various avenues for enhancement.<br><br>Upstairs, you'll find two double bedrooms including a notably large master bedroom and a conventional family bathroom; the straightforward layout lends itself well to upgrades.<br><br>The exterior of the property provides parking both at the front and rear, which is a valuable asset in this neighbourhood. Springwell remains a well-connected locale with easy access to amenities, schools, and transport links, creating broad appeal across potential buyers.<br><br>With no onward chain, this property stands ready for its next owner to modernise and personalise.

Investment Analysis

(NE9 area)
Area Average
£199/sq ft
Avg Rent (weekly)
£192
Avg Yield
5.0%

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
29
Average per month
Market Turnover
65%
Properties sold annually

Local Market Trend (NE9)

Area prices are rising by +3.9% over the last 12 months
3 year growth: +3.2%
5 year growth: +10.8%
Investment Disclaimer: Analysis based on NE9 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

Underhill Terrace, Springwell
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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
£397
Based on a loan of £82,500 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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