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Underhill Terrace, Springwell NE9 - Image 1
Underhill Terrace, Springwell NE9 - Image 2
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Underhill Terrace, Springwell NE9

North East

£110,000
Listed on 18/03/2026

Property Details

Bedrooms
2
Type
Terraced

Description

Located in the sought-after area of Springwell, this two-bedroom mid-terraced home presents a solid foundation for buyers looking to infuse their personal style through modernization. While currently well-maintained, the property offers an exciting opportunity to transform its interior and exterior spaces to meet contemporary preferences. The ground floor boasts a spacious living room filled with natural light, perfect for reimagining the layout or design. The kitchen, located at the rear of the house, is generous in size and opens up to a utility area that enhances functionality—ideal for a redesign that maximizes space efficiency. Upstairs, you will find two double bedrooms, including a particularly large master bedroom, along with a family bathroom that is straightforward in design and ripe for updates. This home has been cared for over the years but is ready for refurbishment that aligns with modern living standards. Externally, off-street parking is available both at the front and back of the property, adding further convenience. Springwell is known for its strong community feel and accessibility to local amenities, schools, and transport links. This inviting home is offered with no onward chain and awaits its new owner ready to bring it into the 21st century.

Investment Analysis

(NE9 area)
Area Average
£200/sq ft
Avg Rent (weekly)
£202
Avg Yield
5.5%

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
29
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (NE9)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +2.0%
5 year growth: +12.3%
Investment Disclaimer: Analysis based on NE9 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

Underhill Terrace, Springwell NE9
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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
£390
Based on a loan of £82,500 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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