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Saltwell Road, Gateshead, NE8

North East

£140,000

Listed on 19/11/2025

Property details

Bedrooms
5
Type
Maisonette
Area
1303 sqft

Description

This expansive five-bedroom maisonette presents a remarkable opportunity for cash buyers seeking a renovation project. With some preliminary work already undertaken, including initial preparations for a new kitchen, this property stands as a blank canvas ready for your vision. Ideal for investors and developers, it offers ample scope for personalisation and modernisation. Spread across two levels, the layout encompasses spacious living areas that can be transformed into a large lounge, dining area, and kitchen, with the potential for reconfiguration to suit individual needs. The five bedrooms provide versatile options for family living, home offices, or rental potential post-refurbishment. A bathroom is also included in the layout and would benefit from an upgrade. Located conveniently on Saltwell Road, the maisonette is just a short distance from Gateshead town centre and boasts on-street parking in both front and rear locations. Access to public transport is easy with the nearby Gateshead Interchange facilitating routes into Newcastle city centre. Additionally, Saltwell Park is within walking distance, offering green space for leisure activities and community engagement.

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Investment analysis

(NE8 area)

Below Market Value

This property is priced -35.0% below area average per sq ft

-35.0%
Potential saving
This Property
£107/sq ft
Area Average
£165/sq ft
Avg Rent (weekly)
£209
Avg Yield
8.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£236,853
10% above area average per sq ft
Potential ROI
+31.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NE8)

Area prices are falling by -3.5% over the last 12 months
3 year growth: +1.8%
5 year growth: +5.8%
Investment Disclaimer: Analysis based on NE8 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

Saltwell Road, Gateshead, NE8
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £105,000 over 30 years at 4.45% 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

Price History

+16.7% since listed
£140,000+£20,000(+16.7%)
10/12/2025
Current price
£120,000Initial listing
22/11/2025

Next Steps

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