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The Oval, Concord

North East

£69,950
Listed on 20/03/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This mid-terraced home in the Concord district of Washington presents a solid investment opportunity with generous living space and ample potential for enhancement. Its location benefits from numerous local amenities and easy access to major roads, making it appealing for both first-time buyers and investors looking to renovate. The layout includes a spacious lounge, a kitchen/diner equipped with essential fittings, two well-sized double bedrooms on the first floor, and a functional shower room. Outside, you'll find a manageable paved garden at the front and a rear yard that offers additional privacy with double gates. While some updating is required, the property’s layout and features provide a strong foundation for creative renovations. This listing comes chain-free for convenience. The home also includes gas central heating (combi), uPVC double glazing, and fitted carpets throughout, ensuring basic comfort as you plan your updates.

Investment Analysis

(NE37 area)
Area Average
£161/sq ft
Avg Rent (weekly)
£151
Avg Yield
6.2%

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
16
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (NE37)

Area prices are rising by +19.9% over the last 12 months
3 year growth: +26.5%
5 year growth: +18.7%
Investment Disclaimer: Analysis based on NE37 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

The Oval, Concord
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£252
Based on a loan of £52,462 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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