Worst House on the Street Logo
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 1
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 2
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 3
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 4
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 5
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 6
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 7
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 8
Addison Road, Lemington, Newcastle upon Tyne, NE15 - Image 9

Addison Road, Lemington, Newcastle upon Tyne, NE15

North East

£75,000

Listed on 04/07/2026

Property details

Bedrooms
3
Type
Semi Detached House
Area
871 sqft

Description

This semi-detached three-bedroom property, located on a sizable corner plot in the sought-after residential area of Lemington, presents a notable chance for investors and potential homeowners. The premises require comprehensive refurbishment and modernization throughout, making it an ideal project for those looking to tailor a living space to their specific needs or capitalize on investment opportunities. The layout includes an entrance hall, a spacious lounge that flows into the dining area, a fitted kitchen, three bedrooms, a bathroom, and a separate WC. Outside, the property features front and rear gardens along with a generous driveway for off-street parking. With its solid framework and ample outdoor space, this property is ripe for transformation. Council Tax Band A. EPC rating C.

Interested in similar properties?

Get alerted when similar renovation and investment opportunities become available.

Investment analysis

(NE15 area)

Below Market Value

This property is priced -57.9% below area average per sq ft

-57.9%
Potential saving
This Property
£86/sq ft
Area Average
£205/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£196,171
10% above area average per sq ft
Potential ROI
+70.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NE15)

Area prices are falling by -4.5% over the last 12 months
3 year growth: -6.6%
5 year growth: +7.6%
Investment Disclaimer: Analysis based on NE15 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

Addison Road, Lemington, Newcastle upon Tyne, NE15
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£283
Based on a loan of £56,250 over 30 years at 4.45% 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.

Stamp duty calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.