Joseph Terrace, Chopwell, Newcastle upon Tyne, Tyne and Wear, NE17 7JF
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Joseph Terrace, Chopwell, Newcastle upon Tyne, Tyne and Wear, NE17 7JF

By Pattinson Estate Agents

£ 47,950

Reviews

2 out of 5 stars

Pattinson Estate Agents says ..

Great investment opportunity to purchase this two bedroom mid terrace property located in Chopwell. Once refurbished this property would achieve £550pcm . The property benefits from a small front garden and rear yard. Located close to local shops, schools and with excellent bus and road link...

Property Oracle says ..

This two-bedroom mid-terraced house in Chopwell, Tyne and Wear, is listed at £47,950. The property presents as requiring substantial renovation work. Although some rooms have new flooring, the kitchen and bathroom are dated, and there are indications of incomplete renovations. The exterior also needs attention. The house includes a small front garden and a rear yard, which is a relatively small outdoor space. While not a large property, it is located near local schools, shops, and has acceptable access to transport links. Nearby property prices vary significantly, with some terraced houses selling for much higher and others lower. The proximity to the ‘Good’-rated Chopwell Primary School could appeal to families. The listing suggests a potential rental income of £550pcm post-refurbishment, an aspect potential investors would need to carefully assess given the required work. Overall, the property is suitable for those seeking a renovation project in a fairly convenient residential location. Given the property’s condition, the list price appears relatively reasonable given similar properties in the area that also require significant investment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
7
Land
3
Bedrooms
2
Bathrooms
1
Sqft (est)
623.23

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
176,429.00 £
Decreased by 14.37 %
from 206,040.00 £
Est sale value
91,614.81 £
Decreased by 30.00 %
from 130,878.30 £
Average area rental value
675.00 £/mo
Increased by 8.52 %
from 622.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
4.59 %
Increased by 26.80 %
from 3.62 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Pattinson Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Chopwell Primary SchoolCommunity SchoolGood0.33 KM
Chopwell And Highfield Children'S CentreChildren's Centre Linked Site0.33 KM
Ebchester Cofe Primary SchoolVoluntary Controlled SchoolGood3.40 KM
Bishop Ian Ramsey Cofe Primary SchoolAcademy Sponsor Led3.70 KM
High Spen Primary SchoolCommunity SchoolGood4.24 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Elizabeth Street £ 87,50000.00 KM
Ravensworth Terrace £ 60,00000.00 KM
South View £ 000.00 KM
Prince Street £ 000.00 KM
George Close £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Wylam7514WYM6.43 KM
Prudhoe7509PRU7.27 KM

Nearby Listings

AddressPriceTypeScoreDistance
William Street, Chopwell, Newcastle upon Tyne, NE17 £ 60,000BUY6 / 100.02 KM
Havelock Terrace, Chopwell, Newcastle upon Tyne, Tyne and Wear, NE17 £ 120,000BUY7 / 100.05 KM
Elizabeth Street, Newcastle upon Tyne, NE17 £ 95,000BUY7 / 100.06 KM
Elizabeth Street, Chopwell £ 90,000BUY7 / 100.06 KM
Havelock Terrace, Chopwell, Newcastle upon Tyne, NE17 £ 75,000BUY6 / 100.07 KM

Nearby Properties

AddressPriceDistance
9 William Street £ 62,5000.05 KM
5 William Street £ 60,0000.05 KM
18 William Street £ 75,0000.05 KM
6 William Street £ 43,1000.05 KM
30 William Street £ 54,0000.05 KM