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Leam Lane, Gateshead , Tyne And Wear - Image 1
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Leam Lane, Gateshead , Tyne And Wear - Image 3
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Leam Lane, Gateshead , Tyne And Wear

North East

£98,000
Listed on 30/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom property presents an excellent opportunity for those looking to invest in a home ripe for renovation. While the interior could benefit from updates, its solid structure offers a strong foundation for any improvements. Located conveniently near local bus routes and the Felling bypass, commuting to Newcastle city center is straightforward and efficient, making it appealing for both residents and potential renters. The surrounding area boasts a variety of amenities, including shops, supermarkets, and schools, ensuring that daily needs are easily met. Additionally, Queen Elizabeth Hospital is just a short drive away, adding to the convenience of the location. Currently rented on a rolling contract basis at £600 per month, this property not only provides immediate income but also allows for future enhancements that could significantly increase rental value or resale potential. With council tax band A and an EPC rating of D, there are ample opportunities to improve energy efficiency as part of any renovation plans. This property represents both a comfortable living space now and a promising investment for the future.

Investment Analysis

(NE10 area)
Area Average
£163/sq ft
Avg Rent (weekly)
£175
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (NE10)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 12.2%
5 year growth: 24.3%
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

Leam Lane, Gateshead , Tyne And Wear
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£359
Based on a loan of £73,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE