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Park Terrace, Newcastle

West Midlands

£180,000
Listed on 18/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
826 sqft

Description

This charming mid-terraced cottage, situated adjacent to Leycett Cricket Ground, presents an excellent opportunity for renovation enthusiasts and investors. Featuring a spacious walled front garden adorned with diverse shrubs and a block-paved path leading to the entrance, this property exudes potential from the first glance. Inside, you are greeted by a small hallway that guides you to a cozy open-plan lounge and dining area, seamlessly connected to the kitchen via a delightful stable door. With oil-fired central heating and UPVC double glazing already in place, essential features are established. The first floor boasts two sizable double bedrooms alongside a well-fitted bathroom featuring a contemporary aesthetic with half-tiled walls. A private yard at the back is accessible through another stable door, while the brick-built garage across the access road includes off-street parking. Additionally, an extra garden area overlooks mature trees, offering an additional sanctuary outdoors. While this property awaits modernization and personal touches, it represents a rare chance to invest in a characterful home within a desirable locale—early viewings are strongly encouraged.

Investment Analysis

(ST5 area)

Below Market Value

This property is priced -5.8% below area average per sq ft

-5.8%
Potential saving
This Property
£218/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£210,159
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
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

£
£
£
%
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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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