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Whaggs Lane, Whickham, NE16 - Image 1
Whaggs Lane, Whickham, NE16 - Image 2
Whaggs Lane, Whickham, NE16 - Image 3
Whaggs Lane, Whickham, NE16 - Image 4
Whaggs Lane, Whickham, NE16 - Image 5

Whaggs Lane, Whickham, NE16

North East

£275,000
Listed on 11/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1097 sqft

Description

This semi-detached family home presents a compelling opportunity for renovation and investment. Offering a spacious layout, the property features three generously sized double bedrooms, two reception rooms that can be reimagined for modern living, and a functional kitchen complemented by a utility room. A large bathroom adds to the potential of this home, providing ample space for updates. The exterior of the property includes driveway parking and an attached garage, both of which enhance its appeal and functionality. The gardens offer additional outdoor space that could be transformed into an inviting area for leisure or entertainment. Located in the sought-after community of Whickham, this home benefits from easy access to local shops, amenities, and services. The area's transport links provide convenient connections to surrounding regions, making it an ideal choice for commuters. With its blend of location and potential for enhancement through refurbishment, this property stands out as a promising investment opportunity in a vibrant neighborhood.

Investment Analysis

(NE16 area)

Above Market Value

This property is priced +10.2% above area average per sq ft

+10.2%
This Property
£251/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£189
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£27,500 - £68,750
10-25% of property value
Target Value
£274,524
10% above area average per sq ft
Potential ROI
-20.1%
After renovation
Monthly Sales
17
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (NE16)

Area prices are falling by +3.0% over the last 12 months
3 year growth: 16.4%
5 year growth: 7.6%
Investment Disclaimer: Analysis based on NE16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Whaggs Lane, Whickham, NE16
Map showing location of Whaggs Lane, Whickham, NE16
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