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Ravensworth Villas, Eighton Banks, Gateshead, Tyne and Wear, NE9 7JP - Image 1
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Ravensworth Villas, Eighton Banks, Gateshead, Tyne and Wear, NE9 7JP

North East

£75,000
Listed on 30/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
957 sqft

Description

This two-bedroom mid-terrace property is situated in a well-connected area, providing easy access to local amenities, road networks, and public transportation options. Its strategic location makes it an appealing choice for both first-time buyers and investors looking for rental opportunities. The home currently requires some modernization, presenting a unique chance to tailor the space to your preferences or enhance its value for future returns. Featuring gas central heating and UPVC double glazing, the property offers a solid foundation while also including two bathrooms, which adds convenience for occupants. Inside, you’ll find a functional layout that includes an entrance hall leading to a comfortable lounge and a kitchen area. The two bedrooms provide ample space, with one of them benefiting from an en suite bathroom. Additionally, there is a family bathroom to serve the second bedroom and guests. With the property’s renovation potential and favorable location, this home stands out as an excellent investment opportunity. Council Tax Band: A Tenure: Freehold

Investment Analysis

(NE9 area)

Below Market Value

This property is priced -55.7% below area average per sq ft

-55.7%
Potential saving
This Property
£78/sq ft
Area Average
£177/sq ft
Avg Rent (weekly)
£188
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£7,500 - £18,750
10-25% of property value
Target Value
£186,223
10% above area average per sq ft
Potential ROI
+98.6%
After renovation
Monthly Sales
16
Average per month
Market Turnover
52%
Properties sold annually

Local Market Trend (NE9)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 15.1%
5 year growth: 20.3%
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

Ravensworth Villas, Eighton Banks, Gateshead, Tyne and Wear, NE9 7JP
Map showing location of Ravensworth Villas, Eighton Banks, Gateshead, Tyne and Wear, NE9 7JP
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