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Elsdon Drive, Palmersville, NE12 - Image 1
Elsdon Drive, Palmersville, NE12 - Image 2
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Elsdon Drive, Palmersville, NE12

North East

£170,000
Listed on 28/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1169 sqft

Description

This three-bedroom detached family home in Forest Hall presents a significant opportunity for those with a vision for renovation and investment. The property is in need of structural and extensive remedial works throughout, making it an ideal project for buyers looking to create their dream home. As you enter, you'll find a spacious living room that can become a cozy retreat or an entertaining area with ample natural light from large windows. Adjacent lies the dining room, which serves as a perfect venue for family meals and social gatherings, central to the home's layout. The kitchen, though requiring modernization, has great potential to be redesigned into a contemporary culinary space tailored to your preferences. A conservatory extends the living area further, offering versatile options such as a reading room or home office while providing pleasant views of the outdoor setting. Upstairs, three sizable bedrooms await your creative touch, each offering flexibility for use as primary bedrooms or guest quarters. The family bathroom also presents an opportunity to be revamped into a more functional and stylish space conducive to modern living. The location enhances this property's appeal with easy access to Forest Hall High Street's local shops and amenities, as well as proximity to larger shopping centers like Killingworth Shopping Centre and White Swan Centre.

Investment Analysis

(NE12 area)

Below Market Value

This property is priced -32.9% below area average per sq ft

-32.9%
Potential saving
This Property
£145/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£219
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£278,655
10% above area average per sq ft
Potential ROI
+3.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NE12)

Area prices are rising by +9.0% over the last 12 months
3 year growth: 5.9%
5 year growth: 22.7%
Investment Disclaimer: Analysis based on NE12 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

Elsdon Drive, Palmersville, NE12
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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
£623
Based on a loan of £127,500 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