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Walter Street, Jarrow, Tyne and Wear, NE32 - Image 1
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Walter Street, Jarrow, Tyne and Wear, NE32

North East

£195,000
Listed on 26/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique investment opportunity as a two-storey detached public house with significant potential for redevelopment, subject to securing planning consent. Occupying a central position near local amenities, it comprises a recently refurbished bar area at the front and a restaurant with a commercial kitchen that has seen partial renovations. The first floor houses an older two-bedroom flat requiring refurbishment, alongside a spacious function room. The building features UPVC double glazed windows and is constructed from rendered brick under a slate pitched roof. Additional benefits include a cellar, gas central heating, and fire alarm system. The site encompasses approximately 0.21 acres, complete with car parking facilities and outdoor seating space, making it an ideal candidate for conversion into residential units or other commercial ventures given positive indications from pre-application discussions with the Local Planning Authority regarding potential redevelopment plans.

Investment Analysis

(NE32 area)
Area Average
£166/sq ft
Avg Rent (weekly)
£167
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
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
75%
Properties sold annually

Local Market Trend (NE32)

Area prices are rising by +8.5% over the last 12 months
3 year growth: +9.6%
5 year growth: +29.8%
Investment Disclaimer: Analysis based on NE32 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

Walter Street, Jarrow, Tyne and Wear, NE32
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£703
Based on a loan of £146,250 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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