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Hallow Drive, Newcastle Upon Tyne, Tyne And Wear NE15

North East

£50,000

Listed on 02/06/2026

Property Details

Bedrooms
2
Type
Flat
Area
615 sqft

Description

This second floor flat offers a blank canvas for those keen to invest in a property in the desirable area of Newcastle upon Tyne. The flat features two bedrooms, a generously sized lounge, functional kitchen diner, and a bathroom, all presenting the opportunity for customization and improvement. Ideal for creative renovation enthusiasts or investors seeking a project, this property is situated within easy access to local amenities, transport links, and Newcastle city centre. With local shops, schools, and parks nearby, it’s an appealing prospect for families and commuters alike. Don't miss out on the chance to transform this space into your vision.

Investment Analysis

(NE15 area)

Below Market Value

This property is priced -58.9% below area average per sq ft

-58.9%
Potential saving
This Property
£81/sq ft
Area Average
£198/sq ft
Avg Rent (weekly)
£221
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£133,710
10% above area average per sq ft
Potential ROI
+78.3%
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
18%
Properties sold annually

Local Market Trend (NE15)

Area prices are falling by -4.6% over the last 12 months
3 year growth: -7.4%
5 year growth: +6.5%
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 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.

Stamp Duty Calculator

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