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72 Neville Court, Washington NE37 3DY - Image 1
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72 Neville Court, Washington NE37 3DY

North East

£5,000

Listed on 30/06/2026

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat in Sulgrave is being sold via national online auction, making it an intriguing opportunity for both investors and renovators. Covering approximately 65 square meters, the apartment features an Entrance Hall, Living Room, Kitchen, double Bedroom, Bathroom, and a Balcony - providing a solid layout for modern living. Currently vacant, this property offers immediate possession for those ready to embark on a refurbishment project. Additionally, there is a separate garage generating a rental income of £35 per month. Located in a well-established residential area with easy access to local amenities and transport links, this flat holds strong potential for rental returns estimated at around £500 per month once renovated. The anticipated resale value post-renovation is approximately £50,000. This presents not just a chance to refurbish but also an exciting asset management opportunity with visible value-add potential.

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Investment analysis

(NE37 area)
Area Average
£149/sq ft
Avg Rent (weekly)
£157
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
15
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE37)

Area prices are stable by +0.3% over the last 12 months
3 year growth: +21.7%
5 year growth: +10.9%
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

72 Neville Court, Washington NE37 3DY
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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
£19
Based on a loan of £3,750 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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