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14 Cheviot Close, Washington, Tyne And Wear, NE37 1SP - Image 1
14 Cheviot Close, Washington, Tyne And Wear, NE37 1SP - Image 2

14 Cheviot Close, Washington, Tyne And Wear, NE37 1SP

North East

£50,000

Listed on 01/09/2026

The listing

Property details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace house presents a promising opportunity for renovation and investment. Located in Washington, Tyne and Wear, the property features off-road parking and garden areas, making it ideal for those looking to enhance their living space. While in need of modernisation, the house offers potential for extension, subject to obtaining the necessary consents. Its proximity to The Galleries Retail Park and convenient access to the A1 (M) enhances its appeal, particularly for buyers seeking a home with local amenities and transport links. The property is currently vacant, allowing for immediate occupancy or refurbishment.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

47out of 100
Grade ELow opportunity

Confidence: LOW

This two-bedroom mid-terrace house presents a unique opportunity for buyers looking to invest in a property that requires significant modernisation. Priced at £50,000, this home is positioned well below the local average sale price of £131,917, making it an attractive option for those willing to undertake renovation work. The exterior and roof are in good condition, which is a solid foundation for any updates you may wish to implement.

The property benefits from off-road parking and garden areas, both of which add to its appeal. The garden, while currently dated, provides a blank canvas for landscaping and outdoor improvements. Located in Washington, the house is conveniently situated near local amenities, enhancing its potential value. With extension potential subject to consents, there’s room to grow this property into a more substantial family home.

Overall, while the property requires a good deal of work and there are limited details regarding renovation costs, its low asking price presents a reasonable entry point for buyers looking to add value through their efforts.

Key opportunities

  • Off-road parking adds convenience and value.
  • Garden space offers potential for landscaping and outdoor improvements.
  • Extension potential could allow for increased living space, subject to consents.

Key risks

None recorded.

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Map

Location

14 Cheviot Close, Washington, Tyne And Wear, NE37 1SP
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£189
Based on a loan of £37,500 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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