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Hopedene, Leam Lane, Gateshead, NE10

North East

£115,000
Listed on 13/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
850 sqft

Description

This semi-detached residence presents an ideal opportunity for renovation, situated in a desirable area with no onward chain. The property serves as a blank canvas, ready for a complete overhaul to meet modern living standards. With similar homes in the vicinity achieving rental values of up to £900 per month based on their finish, this offers substantial investment potential. Internally, the layout comprises an entrance lobby leading to an inviting lounge that features a traditional fireplace, perfect for creating a cozy atmosphere. The kitchen/dining space is functional, accommodating essential appliances and providing room for a dining arrangement. An adjoining utility room enhances usability with extra storage options. On the first floor, you'll find two spacious double bedrooms accompanied by a third smaller bedroom, in addition to a tiled bathroom/WC equipped with a bath. Ample storage solutions are available throughout the home, including loft access and built-in cupboards. Outside, the property boasts manageable gardens both at the front and rear, with low-maintenance lawns and gravel areas. Convenient side access allows movement between spaces. Notably benefitting from double glazing and gas central heating via a combi boiler, this Freehold property is primed for improvement and customization according to personal taste. This represents an exciting chance to craft your dream home or secure a lucrative rental asset in a sought-after locale.

Investment Analysis

(NE10 area)

Below Market Value

This property is priced -13.5% below area average per sq ft

-13.5%
Potential saving
This Property
£135/sq ft
Area Average
£156/sq ft
Avg Rent (weekly)
£181
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£146,234
10% above area average per sq ft
Potential ROI
-2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NE10)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +9.8%
5 year growth: +22.1%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£407
Based on a loan of £86,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

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