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Springfield Close, Chesterton, Newcastle, ST5 7LY - Image 1
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Springfield Close, Chesterton, Newcastle, ST5 7LY

West Midlands

£80,000
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom detached bungalow presents a significant renovation opportunity for investors or cash buyers looking to make their mark. Originating as a non-traditional Kencast construction, the property is set on a generous plot within a quiet cul-de-sac, making it an attractive option for those seeking potential in a desirable residential area. The layout features an entrance hall leading to various living spaces, including a lounge/diner that offers natural light through its front-facing windows. The kitchen, although functional, could benefit from modern updates and has ample room for reconfiguration to better suit contemporary living. The bedrooms are well-sized, with the master bedroom overlooking the front garden and the second bedroom offering views of the rear yard. A shower room completes the interior accommodation, equipped with essential fixtures that could be upgraded to enhance both functionality and aesthetics. Externally, the property boasts expansive gardens at both the front and rear, providing plenty of space for outdoor activities or landscaping projects. With a driveway offering sufficient parking and additional space suitable for expansion or development (subject to planning permissions), this bungalow has considerable investment potential. Situated close to local amenities, schools, and transport links, this location is not only ideal for residential living but also enhances its appeal for future rental opportunities. The property is being sold under auction conditions with no upward chain, encouraging prompt viewings from serious buyers ready to explore its possibilities.

Investment Analysis

(ST5 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (ST5)

Area prices are rising by +4.8% over the last 12 months
3 year growth: 14.7%
5 year growth: 28.2%
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

Springfield Close, Chesterton, Newcastle, ST5 7LY
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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