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9 Cheviot Close, Washington, Tyne And Wear, NE37 1SP - Image 1
9 Cheviot Close, Washington, Tyne And Wear, NE37 1SP - Image 2
9 Cheviot Close, Washington, Tyne And Wear, NE37 1SP - Image 3

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

North East

£50,000

Listed on 13/09/2026

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 a rear garden, making it suitable for families or as a rental unit. The interior is in need of modernisation, offering the chance to create a contemporary living space tailored to your preferences. Furthermore, there is potential for extension, subject to the necessary consents, which could enhance the property's value and usability. The house is conveniently situated near The Galleries Retail Park and has good transport links to the A1 (M), making it an attractive option for both homeowners and investors. Offered at auction, this property is vacant and ready for immediate attention.

WHOTS analysis

Our WHOTS verdict

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

58out of 100
Grade DWeak opportunity

Confidence: LOW

This two-bedroom mid-terrace house presents a significant renovation project with a guide price of £50,000, well below the local average sale price of £131,917. This lower asking price makes it an intriguing opportunity for buyers looking to invest in a property that has the potential for substantial value creation. The house benefits from off-road parking and a rear garden, adding to its appeal for those looking to create a comfortable family home.

However, it does require extensive refurbishment, with notable wear and damage visible throughout the interior and dated elements in the living areas and kitchen. The project scale is heavy, meaning future owners will need to consider a budget of £60,000 to £100,000 for renovations, which will likely involve a full gutting of the property. Given its location near local amenities and transport links, this property offers a canvas to modernise and potentially extend, subject to necessary consents, but buyers should be prepared for a comprehensive overhaul.

Key opportunities

  • The property allows for a complete redesign of the interior layout to better suit modern living needs.
  • With off-road parking and a rear garden, there's potential to enhance outdoor space and create a family-friendly environment.
  • Extension potential exists, offering the chance to increase the property's footprint and overall value, subject to planning permissions.

Key risks

  • Stripped interiors and a £60,000–£100,000 works budget make this a full-gut programme, not a refresh.
  • Significant wear and damage observed throughout the property could lead to unforeseen costs during renovation.

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Map

Location

9 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

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