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Ridgely Drive, Ponteland, Newcastle upon Tyne, Northumberland, NE20 - Image 1
Ridgely Drive, Ponteland, Newcastle upon Tyne, Northumberland, NE20 - Image 2
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Ridgely Drive, Ponteland, Newcastle upon Tyne, Northumberland, NE20 - Image 5
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Ridgely Drive, Ponteland, Newcastle upon Tyne, Northumberland, NE20 - Image 7
Ridgely Drive, Ponteland, Newcastle upon Tyne, Northumberland, NE20 - Image 8
Ridgely Drive, Ponteland, Newcastle upon Tyne, Northumberland, NE20 - Image 9
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Ridgely Drive, Ponteland, Newcastle upon Tyne, Northumberland, NE20

North East

£260,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1253 sqft

Description

This two-bedroom detached bungalow offers a unique opportunity for renovation enthusiasts and investors looking to capitalize on a property with considerable potential. Nestled in a sought-after neighborhood, the home boasts a solid structure while requiring updates to truly make it shine. Upon entering, you are greeted by a welcoming hallway that leads into a bright living room, providing ample space for relaxation. The separate dining room is well-suited for family gatherings or entertaining guests, and the adjoining conservatory allows you to take in views of the garden throughout the seasons. A functional kitchen is complemented by a utility room, enabling efficient use of space for chores and storage. Additionally, the layout includes a family bathroom and separate WC for convenience. Both bedrooms are generously sized, each with its own character that could be enhanced with thoughtful renovations. The overall layout presents an excellent framework for customization, allowing future owners to implement their vision and style. While the property is ripe for modernization, it remains a canvas awaiting personal touches that can not only enhance comfort but also significantly increase its market value. The surrounding area is highly desirable, making this bungalow an attractive investment opportunity in today's real estate landscape. Whether you're looking to create your dream home or aiming to add an asset to your portfolio, this property stands out as a promising option with potential to thrive after thoughtful updates.

Investment Analysis

(NE20 area)

Below Market Value

This property is priced -32.7% below area average per sq ft

-32.7%
Potential saving
This Property
£208/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£305
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£425,068
10% above area average per sq ft
Potential ROI
+46.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (NE20)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -1.6%
5 year growth: 16.0%
Investment Disclaimer: Analysis based on NE20 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

Ridgely Drive, Ponteland, Newcastle upon Tyne, Northumberland, NE20
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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
£952
Based on a loan of £195,000 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