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Northfield Road, Newcastle Upon Tyne

North East

£310,000
Listed on 18/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This traditional three-bedroom house presents an exciting opportunity for renovation and investment, ideally situated on a well-regarded residential road in the heart of Gosforth. The property’s prime location provides convenient access to the bustling High Street and is within close proximity to reputable schools, making it attractive for families and commuters alike. The layout features a welcoming entrance hallway leading to a cozy sitting room, a separate dining room, and a fully fitted kitchen on the ground floor—each space offers ample potential for modernization. Upstairs, you'll find three bedrooms along with a wet room, waiting for updates to enhance their functionality and appeal. Outside, the property includes gardens at both the front and rear, providing opportunities for landscaping or outdoor entertainment. A driveway leads to an attached garage, offering additional storage or potential conversion options as needed. Notably, the home is equipped with gas-fired central heating, ensuring comfort while you contemplate renovations. This residence is categorized as freehold and falls under Council Tax Band C. It's essential to consider the benefits of this area’s rich mining heritage when evaluating investment possibilities; conducting a mining search may provide useful insights into any potential implications for future development. The combination of its established neighborhood, accessibility to local amenities, and renovation potential makes this property an intriguing prospect for buyers looking to make their mark in Gosforth.

Investment Analysis

(NE3 area)
Area Average
£246/sq ft
Avg Rent (weekly)
£248
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (NE3)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 14.9%
5 year growth: 15.3%
Investment Disclaimer: Analysis based on NE3 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

Northfield Road, Newcastle Upon Tyne
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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
£1,136
Based on a loan of £232,500 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