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Hallow Drive, Newcastle Upon Tyne, Tyne And Wear NE15 - Image 1
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Hallow Drive, Newcastle Upon Tyne, Tyne And Wear NE15

North East

£50,000
Listed on 18/03/2026

Property Details

Bedrooms
2
Type
Flat
Area
615 sqft

Description

This second floor flat features two bedrooms and is located in the sought-after area of Hallow Drive, Newcastle upon Tyne. It offers a blank canvas for cash buyers eager to infuse their own style into a home. The flat includes a spacious lounge, a kitchen diner that awaits modernization, two well-proportioned bedrooms, and a bathroom. With its position in close proximity to local amenities and excellent transport links to the city centre, this property is ideally suited for those seeking both comfort and convenience. The surrounding area boasts local shops, schools, and parks that cater to families or professionals alike. This property stands as an attractive investment opportunity to create a personalized living space in a vibrant community.

Investment Analysis

(NE15 area)

Below Market Value

This property is priced -57.8% below area average per sq ft

-57.8%
Potential saving
This Property
£81/sq ft
Area Average
£193/sq ft
Avg Rent (weekly)
£234
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£130,328
10% above area average per sq ft
Potential ROI
+73.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE15)

Area prices are rising by +3.8% over the last 12 months
3 year growth: -2.5%
5 year growth: +12.0%
Investment Disclaimer: Analysis based on NE15 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

Hallow Drive, Newcastle Upon Tyne, Tyne And Wear NE15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£177
Based on a loan of £37,500 over 30 years at 3.91% 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.

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