Blackhall Mill Social Club, Chopwell Road, Blackhall Mill, Newcastle upon Tyne
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Blackhall Mill Social Club, Chopwell Road, Blackhall Mill, Newcastle upon Tyne

By Jan Mitchell Properties

£ 125,000

Reviews

2 out of 5 stars

Jan Mitchell Properties says ..

Jan Mitchell Properties are delighted to offer for sale this unique development opportunity on the site of the former Blackhall Mill Social Club, located in an idyllic setting right beside the River Derwent, offering masses of potential for a range of uses.

Property Oracle says ..

This property, formerly the Blackhall Mill Social Club, presents itself as a unique development opportunity. Located in Blackhall Mill, Gateshead, along the River Derwent, the property benefits from a relatively scenic and peaceful setting. The property’s condition is far from ideal, requiring a substantial renovation. The interior images depict a space filled with debris and significant structural damage, suggesting that the cost of refurbishment will be a considerable factor. The exterior requires a complete makeover. While the available land around the structure is noticeable in the images, the exact plot size is unknown. The lack of bedrooms and bathrooms further supports the fact this is a development property. The list price of £125,000 is not unreasonable given the need for comprehensive work and the fact that this is a development project and not a ready-to-move-in property. However, the absence of detailed information and comparable properties in a similar condition necessitates a cautious approach to valuation. Buyers should factor in substantial renovation costs when considering this property.

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
3
Location
6
Land
4
Bedrooms
0
Bathrooms
2
Sqft (est)
4,502.54

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
661,873.38 £
Decreased by 30.00 %
from 945,533.40 £
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
15.00 %
Unchanged by 0.00 %
from 15.00 %

Agent Activity

  • Jan Mitchell Properties created the listing.

Nearby Schools

NameTypeOfstedDistance
Chopwell And Highfield Children'S CentreChildren's Centre Linked Site1.37 KM
Chopwell Primary SchoolCommunity SchoolGood1.37 KM
Bishop Ian Ramsey Cofe Primary SchoolAcademy Sponsor Led2.40 KM
Ebchester Cofe Primary SchoolVoluntary Controlled SchoolGood3.28 KM
Hassockfield Secure Training CentreSecure Units3.79 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Peartree Court £ 000.00 KM
Riversdale £ 000.00 KM
George Close £ 000.00 KM
Owen Terrace £ 000.00 KM
Prince Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Wylam7514WYM7.62 KM
Prudhoe7509PRU8.77 KM

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