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Waterville Road, North Shields, North Shields, NE29 - Image 1
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Waterville Road, North Shields, North Shields, NE29 - Image 3
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Waterville Road, North Shields, North Shields, NE29

North East

£190,000
Listed on 16/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
538 sqft

Description

This mid-terrace four-bedroom property boasts a distinctive character and significant renovation potential, making it an appealing option for investors or those looking to create a personalized family home. Spanning three floors, the house features generous living spaces, including two reception rooms and a well-sized rear yard that can serve as an outdoor entertaining area or possible off-street parking. The interior retains several original features that add charm and character, setting the stage for buyers who are eager to enhance the space with their own design vision. While some updates are needed throughout the home, the strong layout lends itself to creative possibilities. The spacious bedrooms offer ample room for customization, potentially transforming this house into a modern haven tailored to individual tastes. Located in a sought-after area of North Shields, this property benefits from convenient access to local amenities, transport links, and the scenic riverfront. This location is ideal for families and young professionals alike, providing opportunities for leisurely strolls along the water or quick commutes to nearby areas. The ground floor comprises an entrance hallway leading to a living room and kitchen/dining area, while the first floor accommodates three bedrooms and a family bathroom. A spacious fourth bedroom resides on the second floor, providing additional privacy or versatility as a guest suite or home office. Overall, this property presents an excellent investment opportunity, whether as a renovation project or as a long-term rental. Viewing is highly recommended to fully appreciate its space, unique features, and potential for transformation.

Investment Analysis

(NE29 area)

Above Market Value

This property is priced +74.9% above area average per sq ft

+74.9%
This Property
£353/sq ft
Area Average
£202/sq ft
Avg Rent (weekly)
£182
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£119,484
10% above area average per sq ft
Potential ROI
-50.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NE29)

Area prices are rising by +3.5% over the last 12 months
3 year growth: 11.8%
5 year growth: 41.8%
Investment Disclaimer: Analysis based on NE29 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

Waterville Road, North Shields, North Shields, NE29
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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
£696
Based on a loan of £142,500 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