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Wear Street, Chopwell, NE17

North East

£40,000

Listed on 11/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
904 sqft

Description

This mid-terraced two-bedroom property presents a prime opportunity for investors and buyers with a vision. The layout includes a spacious lounge, kitchen, two generous bedrooms, and a bathroom, along with a private rear yard/garden that enhances outdoor potential. The home is in need of updating and modernisation throughout, allowing buyers to reimagine the space and tailor it to their personal preferences. Located in the village of Chopwell, the property is conveniently close to local amenities, schools, and public transport routes, providing easy access to surrounding areas including Newcastle city centre. This property offers an enticing project for those looking to add value through renovation.

Investment Analysis

(NE17 area)

Below Market Value

This property is priced -64.9% below area average per sq ft

-64.9%
Potential saving
This Property
£44/sq ft
Area Average
£126/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£125,394
10% above area average per sq ft
Potential ROI
+92.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NE17)

Area prices are falling by -22.2% over the last 12 months
3 year growth: -27.6%
5 year growth: -20.7%
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

Wear Street, Chopwell, NE17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£151
Based on a loan of £30,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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