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Fisherwell Road, Pelaw, Gateshead, NE10 - Image 1
Fisherwell Road, Pelaw, Gateshead, NE10 - Image 2
Fisherwell Road, Pelaw, Gateshead, NE10 - Image 3
Fisherwell Road, Pelaw, Gateshead, NE10 - Image 4
Fisherwell Road, Pelaw, Gateshead, NE10 - Image 5

Fisherwell Road, Pelaw, Gateshead, NE10

North East

£65,000
Listed on 29/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
635 sqft

Description

This mid-terraced home is an intriguing prospect for those interested in renovation and value enhancement. With two bedrooms, the property is ready for a new owner to refresh and personalize the space according to their vision. Currently in need of updating, it offers ample opportunity for first-time buyers, investors looking for a buy-to-let, or anyone considering downsizing while remaining within a well-connected area. The layout includes a lounge and kitchen alongside a shower room, complemented by two spacious bedrooms. Each room provides a blank canvas that encourages creative improvements, allowing buyers to truly make this home their own. Externally, the property features gardens at both the front and rear. The rear garden presents noteworthy potential; with appropriate planning permissions, there may be an opportunity to develop off-street parking—an attractive consideration in today’s market. Located conveniently near various local amenities such as shops and schools, the property also benefits from being close to Pelaw Metro Station. This access makes commuting straightforward, connecting residents easily to Newcastle city centre, Gateshead, and the wider Tyneside region. This home stands out as a valuable investment opportunity for those willing to undertake renovations or improvements. Whether you're entering the housing market for the first time or seeking to expand your investment portfolio, this property is ripe with potential waiting to be unlocked.

Investment Analysis

(NE10 area)

Below Market Value

This property is priced -30.9% below area average per sq ft

-30.9%
Potential saving
This Property
£102/sq ft
Area Average
£148/sq ft
Avg Rent (weekly)
£178
Avg Yield
7.5%

Renovation Potential

Est. Renovation Cost
£6,500 - £16,250
10-25% of property value
Target Value
£103,518
10% above area average per sq ft
Potential ROI
+27.4%
After renovation
Monthly Sales
16
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (NE10)

Area prices are rising by +5.3% over the last 12 months
3 year growth: 13.0%
5 year growth: 30.6%
Investment Disclaimer: Analysis based on NE10 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

Fisherwell Road, Pelaw, Gateshead, NE10
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