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Ridley Street, Cramlington

North East

£80,000
Listed on 30/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This larger-than-average two-bedroom terraced house on Ridley Street in Klondyke presents a promising opportunity for renovation and investment. Benefitting from a freehold status and no upper chain, the property is well-positioned for local amenities, including shops, pubs, dining options, and excellent transport links via nearby bus stops. The ground floor features an entrance hallway leading to a spacious lounge and a separate dining room that connects to the kitchen. Upstairs, you'll find two generously sized bedrooms along with a bathroom. While the overall layout is functional and offers ample space for improvement, the interiors may require modernisation to optimise their potential. Externally, off-street parking is available via a driveway, which enhances accessibility. Given its larger size relative to other properties in the area, strategic updates could significantly increase both market value and appeal. This property is an ideal candidate for a renovation project aimed at enhancing comfort while providing a solid return on investment in the thriving Cramlington market.

Investment Analysis

(NE23 area)
Area Average
£213/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.4%

Renovation Potential

Medium 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
41
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (NE23)

Area prices are falling by -5.3% over the last 12 months
3 year growth: +0.8%
5 year growth: +8.4%
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

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£289
Based on a loan of £60,000 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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