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Prestwick, Newcastle Upon Tyne, NE20

North East

£325,000Guide Price

Listed on 01/07/2026

Property details

Bedrooms
4
Type
Detached
Area
2654 sqft

Description

Situated on a generous plot of approximately 0.31 acres in the sought-after village of Prestwick, Hawthorn Cottage presents an exceptional opportunity for buyers looking to invest in a substantial detached property with significant renovation potential. This home is being offered through the Modern Method of Auction, providing a structured sales process with a completion period of 56 days. The property requires comprehensive updating and refurbishment, making it ideal for those eager to create their dream residence or developers interested in adding value. The layout comprises an entrance hallway leading to two spacious reception rooms: a sitting room and a separate living room, alongside a kitchen that opens into the dining area—perfect for reconfiguration. A conservatory adds additional living space while offering views over the gardens. The ground floor also includes a double bedroom, a boiler room, and a lean-to storage area. On the first floor, there are three additional bedrooms with attractive open countryside views and a family bathroom. The external features are noteworthy, including ample parking for multiple vehicles, a car port, and established gardens enhancing outdoor living. One standout aspect of this property is the large detached outbuilding that was once used as a garage but has been extended for greater versatility—ideal as workshop space, storage options, or even potential redevelopment into an independent dwelling subject to planning permissions. Despite requiring extensive modernization throughout, Hawthorn Cottage offers an exciting chance to transform this expansive village property into something truly remarkable while benefiting from its considerable plot size and development possibilities. Offered at auction with no onward chain, early viewing is strongly advised to appreciate this unique investment opportunity.

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Investment analysis

(NE20 area)

Below Market Value

This property is priced -60.8% below area average per sq ft

-60.8%
Potential saving
This Property
£122/sq ft
Area Average
£312/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£911,145
10% above area average per sq ft
Potential ROI
+114.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NE20)

Area prices are stable by +1.5% over the last 12 months
3 year growth: +2.0%
5 year growth: +18.8%
Investment Disclaimer: Analysis based on NE20 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

Prestwick, Newcastle Upon Tyne, NE20
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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
£1,228
Based on a loan of £243,750 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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