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Richmond Grove, May Bank, Newcastle, ST5

West Midlands

£165,000
Listed on 28/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1208 sqft

Description

Nestled in a sought-after residential area, this property on Richmond Grove presents an excellent opportunity for cash buyers seeking to create their ideal home. The spacious layout offers room for personalization and potential expansion, making it ideal for those with vision. The ground floor features a welcoming entrance hallway that leads to both a front living room and a dining area at the rear, which benefits from open views. The breakfast kitchen contains ample wall and base units, along with designated space for appliances. A convenient ground floor WC is accessible off the kitchen. Upstairs, you'll find three generously sized double bedrooms, two of which showcase expansive views. The family bathroom is equipped with a bath (with shower over), WC, and wash hand basin. Externally, the property boasts off-road parking for multiple vehicles along with a small lawn and access to a detached garage at the front. The rear garden offers seclusion and impressive vistas, set on a corner plot that allows for further development possibilities. With its extensive garden space primarily laid to lawn and a summerhouse already in situ, this home invites you to explore its full renovation potential.

Investment Analysis

(ST5 area)

Below Market Value

This property is priced -40.9% below area average per sq ft

-40.9%
Potential saving
This Property
£137/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£307,351
10% above area average per sq ft
Potential ROI
+53.7%
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

Richmond Grove, May Bank, Newcastle, ST5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£595
Based on a loan of £123,750 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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