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Ridley Street, Cramlington

North East

£80,000
Listed on 18/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This generously sized two-bedroom terraced house is situated on a well-regarded street in the Klondyke area of Cramlington, providing an excellent opportunity for renovation and investment. The property stands out due to its larger-than-average layout compared to typical homes in the neighborhood, making it an appealing choice for those looking to add value through updates. The location offers convenient access to essential amenities such as local shops, eateries, and public transportation options, enhancing day-to-day living. Residents will benefit from Cramlington’s vibrant community atmosphere, with its variety of shopping facilities at Manor Walk, alongside leisure options like a cinema and sports clubs. The interconnected pathways and green spaces throughout the town contribute to a pleasant environment for both families and individuals. Entering the home, you are greeted by a hallway leading to the lounge and dining areas, with stairs leading up to the first floor. The spacious lounge features a front-facing double-glazed window that allows ample natural light to flow in. Adjacent is a sizable dining room, which could easily serve as an open-concept space if desired; it includes storage options that can be retained or modified according to taste. The kitchen, located just off the dining room, comes equipped with basic units and provides access to the rear of the property. This area represents a blank canvas for potential improvements; redesigning this space could significantly enhance overall functionality and appeal. Upstairs hosts two substantial bedrooms—each offering ample room for furnishings—and a bathroom containing essential fixtures. Both bedrooms have large windows that invite light while overlooking either the front or rear of the property. Externally, there is a driveway at the back providing off-street parking—an added convenience in residential settings. The freehold status of this home allows for flexibility in renovations or expansions without any leasehold constraints. Overall, this property combines generous living space with significant renovation potential in a desirable location. It offers promising avenues for investment whether you’re looking to create your perfect home or seeking rental opportunities in a thriving area.

Investment Analysis

(NE23 area)
Area Average
£217/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (NE23)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 7.6%
5 year growth: 14.6%
Investment Disclaimer: Analysis based on NE23 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

Ridley Street, Cramlington
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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
£293
Based on a loan of £60,000 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