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Prestbury Avenue, Newcastle - Image 1
Prestbury Avenue, Newcastle - Image 2
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Prestbury Avenue, Newcastle - Image 5

Prestbury Avenue, Newcastle

West Midlands

£230,000
Listed on 04/06/2025

Property Details

Bedrooms
2
Type
Detached house
Area
796 sqft

Description

This modern, detached bungalow offers a blend of spacious living and the potential for personalization in a tranquil cul-de-sac within the desirable Westbury Park neighborhood. The property is set on a generous plot, providing both privacy and a pleasant outdoor space. Inside, you'll find an open-plan lounge and dining area that connects seamlessly to a newly added conservatory, creating an inviting atmosphere for relaxation or entertaining. The kitchen is equipped with a separate utility room, adding practicality and convenience to daily routines. Two well-sized double bedrooms provide comfortable accommodation, while the bathroom completes the layout. The exterior features landscaped gardens alongside a brick-pillar carport and a block-paved private driveway, ensuring ample off-street parking for residents and guests alike. With gas central heating and double glazing already in place, this bungalow presents a solid foundation for further enhancements. While it is well-maintained, there is considerable scope for updating to align with personal tastes—an opportunity that has been factored into the price. Located in a sought-after community with access to local amenities and transport links, this property not only serves as a comfortable home but also stands out as an attractive investment prospect, particularly for those looking to add value through renovation. The absence of any upward chain facilitates a smoother transition for potential buyers.

Investment Analysis

(ST5 area)

Above Market Value

This property is priced +26.0% above area average per sq ft

+26.0%
This Property
£289/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£23,000 - £57,500
10-25% of property value
Target Value
£200,819
10% above area average per sq ft
Potential ROI
-30.1%
After renovation
Monthly Sales
59
Average per month
Market Turnover
62%
Properties sold annually

Local Market Trend (ST5)

Area prices are rising by +13.9% over the last 12 months
3 year growth: 12.6%
5 year growth: 32.2%
Investment Disclaimer: Analysis based on ST5 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

Prestbury Avenue, Newcastle
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