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Overdale, Lindisfarne Road, Jesmond, Newcastle Upon Tyne - Image 1
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Overdale, Lindisfarne Road, Jesmond, Newcastle Upon Tyne

North East

£2,900,000
Listed on 01/12/2025

Property Details

Bedrooms
10
Type
Detached house
Area
6124 sqft

Description

This impressive ten-bedroom detached residence presents a unique opportunity for renovation and investment within Jesmond’s desirable Golden Triangle. With a remarkable historical design from the early twentieth century, the property boasts substantial space across over 6,000 square feet and features original craftsmanship elements such as solid oak staircases and stained glass windows. Ideal for those seeking to transform it into a luxurious family home or a lucrative multi-unit development, this property offers flexible living arrangements across its three floors, including potential for six to seven luxury apartments subject to planning permissions. The generous open-plan kitchen and dining area forms the central hub of the house, ideal for modern living while retaining potential for redesign. Each of the ten spacious double bedrooms is complemented by four bathrooms and a private balcony, supporting multi-generational living or reconfiguration based on specific needs. Externally, the expansive rear garden, multiple car driveway, and double garage enhance its appeal, while proximity to local amenities ensures convenience for future residents. For developers looking to capitalize on its size and layout, this property stands out in terms of its scope for redevelopment while preserving its distinctive heritage character. Such opportunities are rarely available in this sought-after locality.

Investment Analysis

(NE2 area)

Above Market Value

This property is priced +71.5% above area average per sq ft

+71.5%
This Property
£474/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£480
Avg Yield
9.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Target Value
£1,859,583
10% above area average per sq ft
Potential ROI
-42.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NE2)

Area prices are rising by +12.5% over the last 12 months
3 year growth: -2.7%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on NE2 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

Overdale, Lindisfarne Road, Jesmond, Newcastle Upon Tyne
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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
£10,623
Based on a loan of £2,175,000 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