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Victoria Terrace, Wrekenton, Gateshead, NE9 - Image 1
Victoria Terrace, Wrekenton, Gateshead, NE9 - Image 2
Victoria Terrace, Wrekenton, Gateshead, NE9 - Image 3
Victoria Terrace, Wrekenton, Gateshead, NE9 - Image 4
Victoria Terrace, Wrekenton, Gateshead, NE9 - Image 5

Victoria Terrace, Wrekenton, Gateshead, NE9

North East

£69,000
Listed on 08/08/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
656 sqft

Description

This mid-terraced home boasts two bedrooms and presents an excellent opportunity for renovation or investment. The property features a comfortably sized lounge that serves as an inviting space for relaxation. Adjacent to the lounge is a fitted kitchen, which can be updated to enhance both functionality and aesthetics. One of the bedrooms comes with a practical storage room, offering potential for creative reconfiguration or expansion. The bathroom is functional as-is but also offers the chance for modernization to meet contemporary standards. Outside, you'll find a manageable yard at the rear, which could be transformed into a more usable outdoor area or adapted for off-street parking, depending on your needs. Situated in Wrekenton, this home benefits from proximity to local amenities and services, making daily errands convenient. Additionally, efficient transport routes and bus links are readily available, connecting you to surrounding areas. This property is particularly appealing to first-time buyers looking for a project or investors seeking to capitalize on the area's growth potential through thoughtful renovations.

Investment Analysis

(NE9 area)

Below Market Value

This property is priced -40.3% below area average per sq ft

-40.3%
Potential saving
This Property
£105/sq ft
Area Average
£176/sq ft
Avg Rent (weekly)
£195
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£6,900 - £17,250
10-25% of property value
Target Value
£127,218
10% above area average per sq ft
Potential ROI
+47.5%
After renovation
Monthly Sales
23
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (NE9)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 16.5%
5 year growth: 21.8%
Investment Disclaimer: Analysis based on NE9 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

Victoria Terrace, Wrekenton, Gateshead, NE9
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