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Derwent Street, Newcastle upon Tyne NE17 5 bed property for sale
Derwent Street, Newcastle upon Tyne NE17
£100,000
Derwent Street, Newcastle upon Tyne NE17
£100,000
Our Summary
- Potential To Change Use To Residential
- Layout Allowing For Conversion Into Houses / Apartments
- Sold Via Auction - Monday 28th July 2025
Description
This workshop property is being sold with vacant possession, offering potential buyers the opportunity to convert it into houses or apartments. With a guide price of £100,000 to £150,000, there is a good profit margin to be made for those looking to develop the plot. The property is located in Chopwell, a charming town in the Derwent Valley, surrounded by nature and close to major cities like Newcastle, Hexham, and Durham. The workshop has a layout that allows for conversion into residential properties, and neighboring properties have successfully undergone similar conversions in the past. The property is being sold freehold, and interested buyers should note that there is an administration fee and disbursements payable on exchange of contracts.