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Palmersville, Newcastle upon Tyne, NE12 9HL - Image 1
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Palmersville, Newcastle upon Tyne, NE12 9HL

North East

£90,000
Listed on 21/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
663 sqft

Description

This two-bedroom terraced home offers a notable opportunity for renovation in the serene locale of Palmersville, Newcastle upon Tyne. The property features a practical layout with a welcoming lounge and kitchen diner on the ground floor, complemented by a hallway and bathroom. Upstairs, you'll find two bedrooms along with an additional W.C., providing a functional space that can be tailored to modern preferences. The rear garden presents an inviting outdoor area, ripe for enhancement or personal landscaping touches. While the interior requires refurbishment, this aspect also highlights the investment potential for buyers looking to add value through upgrades and personal style. Situated in a desirable residential neighborhood, this home is conveniently located near local amenities and transport links, making it appealing not only to first-time buyers but also to seasoned investors seeking properties with significant upside potential. The ability to transform this property into a more contemporary living space could yield substantial returns in this growing market. In summary, whether you are looking for a project to make your own or an investment that affords considerable growth opportunities, this property stands out as a canvas waiting for your vision.

Investment Analysis

(NE12 area)

Below Market Value

This property is priced -37.4% below area average per sq ft

-37.4%
Potential saving
This Property
£136/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£219
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£158,039
10% above area average per sq ft
Potential ROI
+31.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NE12)

Area prices are rising by +9.0% over the last 12 months
3 year growth: 5.9%
5 year growth: 22.7%
Investment Disclaimer: Analysis based on NE12 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

Palmersville, Newcastle upon Tyne, NE12 9HL
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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
£330
Based on a loan of £67,500 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