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Chapel House Drive, Newcastle Upon Tyne, NE5

North East

£199,950

Listed on 29/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
893 sqft

Description

This three-bedroom family home, nestled in the desirable Chapel House Estate, offers an appealing blank canvas for buyers eager to infuse their personal style into a spacious layout. The property enters through a porch into a welcoming hallway, leading to a dual-aspect lounge and dining area that provides ample room for both relaxation and social gatherings. The kitchen is equipped with various wall and base units and connects to a practical utility space, enhancing storage options and functionality. On the first floor, you'll find three well-sized bedrooms, ideal for family living or the possibility of transforming one into a home office. The family bathroom features a double shower enclosure, wash hand basin, and WC, providing essential amenities while offering potential for modernisation. Externally, the home boasts gardens at both the front and rear along with a block paved driveway leading to an attached garage. Chapel House is renowned for its community feel and convenient access to local shops, schools, supermarkets, leisure facilities, and public transportation. It's also well-positioned for commuters needing quick routes to Newcastle city centre, Metrocentre and major roadways like the A69 and A1. With generous living spaces in a highly sought-after location accompanied by significant potential for refurbishment or expansion - particularly considering existing plans to enhance the lounge/diner and kitchen areas - this property represents an excellent investment opportunity. Early viewings are encouraged to fully grasp both its prospective value as a transformed family residence and its prime positioning within this established estate.

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Investment analysis

(NE5 area)

Above Market Value

This property is priced +10.5% above area average per sq ft

+10.5%
This Property
£224/sq ft
Area Average
£203/sq ft
Avg Rent (weekly)
£203
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£199,063
10% above area average per sq ft
Potential ROI
-13.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (NE5)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -0.1%
5 year growth: +12.8%
Investment Disclaimer: Analysis based on NE5 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

Chapel House Drive, Newcastle Upon Tyne, NE5
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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
£755
Based on a loan of £149,962 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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