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The Paddock, Leam Lane, Gateshead

North East

£110,000
Listed on 27/08/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached home is situated on a generous corner plot, offering gardens on three sides that provide a wealth of outdoor space and potential for improvement. The property is in need of renovation, making it an ideal canvas for those looking to invest in a project that will allow them to customize and enhance their living environment. The layout features a welcoming entrance hallway that leads into a spacious lounge/dining room, creating a versatile space for relaxation and dining. The kitchen provides practical functionality and the opportunity to modernize according to your preferences. Upstairs, you’ll find three well-sized bedrooms, two of which are equipped with fitted wardrobes, along with a family bathroom. Each area awaits your vision for updates and improvements. The surrounding gardens not only add privacy but also offer possibilities for landscaping or expansion, further enhancing the property's appeal. Given its location in a desirable neighborhood, this home presents an excellent opportunity for first-time buyers eager to create their dream home or for investors looking to capitalize on the potential rental market. With its spacious layout and ample outdoor area, this property invites creativity and offers significant investment potential in a thriving community. Viewing is encouraged to fully appreciate the opportunities available within this unique offering.

Investment Analysis

(NE10 area)
Area Average
£157/sq ft
Avg Rent (weekly)
£182
Avg Yield
7.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (NE10)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +9.9%
5 year growth: +21.0%
Investment Disclaimer: Analysis based on NE10 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

The Paddock, Leam Lane, Gateshead
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£397
Based on a loan of £82,500 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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