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West Thorp, Newcastle Upon Tyne, NE5

North East

£120,000
Listed on 01/09/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

This mid-terrace property in the sought-after West Thorp area presents a solid foundation for those looking to invest or renovate. With four spacious bedrooms, a well-sized fitted kitchen, and a bright lounge/diner, the layout is well-suited for both family living and entertaining. The upstairs configuration includes a family bathroom and an additional WC, catering perfectly to the needs of growing households. Outdoors, the rear garden offers a private space for relaxation or play, while the front of the property provides ample off-road parking—an increasingly valuable feature in this community. While the home is in need of some updating, this allows for personal customization to create a living space that truly reflects your vision. The renovation potential here is significant; with thoughtful improvements, there’s opportunity to not only enhance comfort but also increase property value. Located in West Thorp, residents enjoy easy access to essential amenities such as shopping options, schools, parks, and healthcare services. Excellent transport links further connect this area to Newcastle city center and surrounding regions, making it highly desirable for both families and investors alike. With its generous living space, outdoor environment, and promising location, this property invites buyers to unlock its full potential.

Investment Analysis

(NE5 area)
Area Average
£190/sq ft
Avg Rent (weekly)
£202
Avg Yield
5.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (NE5)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 2.1%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on NE5 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

West Thorp, Newcastle Upon Tyne, NE5
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 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