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Ridgeway, Fenham, NE4

North East

£300,000
Listed on 14/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Situated on a desirable corner plot in Fenham, this detached bungalow presents a unique opportunity for those interested in renovation and investment potential. The property features spacious outdoor areas, including well-maintained gardens that not only enhance its curb appeal but also offer possibilities for gardening or extension (subject to planning permissions). The generous loft space provides additional storage solutions or potential for conversion, adding further value for buyers willing to explore options. Internally, the layout is functional but may benefit from modern updates; the large lounge/diner with access to a conservatory and dual gardens serves as an excellent base for entertaining or relaxation. The kitchen comes equipped with built-in appliances, and while the shower room is modern, there could be an opportunity to reconfigure spaces to enhance functionality. With two double bedrooms and convenient amenities just a short distance away, this home is well-positioned for both comfortable living and future development.

Investment Analysis

(NE4 area)
Area Average
£155/sq ft
Avg Rent (weekly)
£244
Avg Yield
8.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NE4)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 19.6%
5 year growth: 39.2%
Investment Disclaimer: Analysis based on NE4 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

Ridgeway, Fenham, NE4
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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
£1,099
Based on a loan of £225,000 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