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Park Terrace, Newcastle

West Midlands

£180,000
Listed on 31/07/2025

Property Details

Bedrooms
2
Type
Cottage

Description

Situated adjacent to the Leycett Cricket Ground, this attractive mid-terraced cottage presents a solid investment opportunity with ample potential for renovation. The property features a spacious front garden enclosed by a brick wall, with well-maintained shrubs and a block-paved pathway leading to the entrance. Upon entry, the small hallway opens up to an inviting open-plan lounge and dining area that seamlessly connects to the kitchen via a charming stable door. With oil-fired central heating and UPVC double glazing throughout, the home is equipped for comfortable living. The first floor comprises two sizable double bedrooms and a well-designed bathroom adorned with modern half-tiled walls and classic white fittings. At the rear, a stable door offers access to a private yard framed by greenery, while off-road parking is available in the included brick-built garage across the access road. An additional garden area backs onto mature trees, creating an ideal spot for outdoor relaxation. Although the property requires updating and redecoration to suit individual tastes, it represents a rare chance to acquire a character-filled home in this sought-after location. Prospective buyers are encouraged to act quickly for an early viewing.

Investment Analysis

(ST5 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
89
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (ST5)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +11.7%
5 year growth: +25.5%
Investment Disclaimer: Analysis based on ST5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Park Terrace, Newcastle
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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