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Hopedene, Leam Lane, Gateshead, NE10 - Image 1
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Hopedene, Leam Lane, Gateshead, NE10

North East

£115,000
Listed on 23/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
850 sqft

Description

This semi-detached residence, presented without a chain, offers a unique opportunity for renovation. With its current layout, the property serves as a blank slate, inviting prospective owners to infuse their personal style and modernize the space. Located in a desirable area where similar homes can command rental prices up to £900 per month based on quality finishes, this property holds significant investment potential. Inside, the home features an entrance lobby with staircase access to the upper floor and a spacious lounge extending from front to back, complete with a fireplace. The kitchen/dining area is designed for functionality, accommodating essential appliances along with dining space. An adjoining utility room enhances practicality with additional storage options and outdoor access through the side yard. Upstairs, you will find a landing that leads to ample storage solutions and loft space. The property consists of two generous double bedrooms alongside a third smaller bedroom, complemented by a fully tiled bathroom equipped with a bath. Externally, both the front and rear gardens are enclosed and designed for low maintenance, featuring lawned areas interspersed with gravel. The rear garden further benefits from side access. The home is equipped with double glazing and gas central heating via a combi boiler, ensuring comfort year-round. This Freehold property presents an exciting chance to create a custom living space in an attractive location.

Investment Analysis

(NE10 area)

Below Market Value

This property is priced -16.8% below area average per sq ft

-16.8%
Potential saving
This Property
£135/sq ft
Area Average
£163/sq ft
Avg Rent (weekly)
£175
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£152,125
10% above area average per sq ft
Potential ROI
+8.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (NE10)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 12.2%
5 year growth: 24.3%
Investment Disclaimer: Analysis based on NE10 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

Hopedene, Leam Lane, Gateshead, NE10
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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
£421
Based on a loan of £86,250 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