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De Walden Square, Pegswood, Morpeth

North East

£45,000

Listed on 03/07/2026

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom first floor flat, located in the desirable village of Pegswood, is being offered without any onward chain and represents a solid investment or renovation opportunity. While the property is currently in need of a thorough modernisation, it provides a blank canvas for buyers looking to inject their own style and preferences into their living space. The layout includes a spacious lounge with natural light flooding in through large windows, a functional kitchen area with the potential for upgrades, a generously sized double bedroom, and a bathroom that can be refreshed to meet contemporary standards. Additionally, this flat benefits from an enclosed shared rear garden—ideal for low-maintenance outdoor enjoyment—and a garage within a block for secure storage or parking. Positioned conveniently close to local amenities and transport links, this property not only appeals to first-time buyers but also presents an excellent opportunity for savvy investors wishing to enhance its value through renovation. Early viewing is encouraged to appreciate the potential that awaits.

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Investment analysis

(NE61 area)
Area Average
£243/sq ft
Avg Rent (weekly)
£250
Avg Yield
4.0%

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
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NE61)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +13.9%
5 year growth: +12.5%
Investment Disclaimer: Analysis based on NE61 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

De Walden Square, Pegswood, Morpeth
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Mortgage calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£170
Based on a loan of £33,750 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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