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Northfield Road, Gosforth

North East

£310,000
Listed on 25/03/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This semi-detached property is an intriguing investment opportunity located in the highly desirable area of Gosforth. With no upper chain to navigate, it offers a spacious layout that invites transformation. Just a short stroll from Gosforth High Street, you'll find an abundance of local amenities including well-regarded schools, diverse dining options, independent cafés, shops, and recreational facilities. The convenient access to road links and public transport ensures effortless commuting to Newcastle City Centre and surrounding areas. While the property requires renovation and modernisation throughout, its generous internal space presents significant potential for improvement. The accommodation includes an entrance hallway leading to a lounge featuring a bay window, a separate dining room with a fireplace and French doors opening to the rear garden, as well as a kitchen. The first floor houses three sizable bedrooms, with the master offering charming features like an electric fire and leaded stained glass window, alongside a large wetroom. Externally, the property boasts off-road parking via a driveway leading to an attached garage. The enclosed rear garden with both lawn and patio areas provides an inviting outdoor space suitable for relaxation or entertainment. This property stands out as an excellent opportunity for buyers looking to invest in a home that can be tailored to their personal style.

Investment Analysis

(NE3 area)
Area Average
£253/sq ft
Avg Rent (weekly)
£245
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (NE3)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +14.7%
5 year growth: +13.5%
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, Gosforth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,118
Based on a loan of £232,500 over 30 years at 4.06% 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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