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Tyne View Gardens, Pelaw, Gateshead, NE10 - Image 1
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Tyne View Gardens, Pelaw, Gateshead, NE10

North East

£40,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This vacant three-bedroom semi-detached house presents a promising opportunity for both investors and those looking to create their ideal home in the heart of Gateshead. The property is located in a well-established residential area, making it suitable for families or as an investment property. With a total area of approximately 82 sq m (882 sq ft), the layout includes a welcoming entrance hallway leading to a spacious living room and a separate dining room, alongside a fitted kitchen offering ample potential for modernisation or redesign. Upstairs, the three bedrooms, accompanied by a bathroom and separate WC, provide practical space for family living. While the interior would benefit from general updating and redecorating throughout, the solid floor plan allows for various refurbishment possibilities to enhance its appeal and value. Externally, the front and rear gardens offer outdoor space that could be creatively improved or landscaped according to preference. Notably, off-street parking adds convenience in this sought-after location. With proximity to local amenities, schools, and transport links to Newcastle city centre and the wider Tyneside area, this property is well-positioned for future growth. This is not just a house; it’s an investment into your future with significant value enhancement potential.

Investment Analysis

(NE10 area)
Area Average
£163/sq ft
Avg Rent (weekly)
£175
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (NE10)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 12.2%
5 year growth: 24.3%
Investment Disclaimer: Analysis based on NE10 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

Tyne View Gardens, Pelaw, Gateshead, NE10
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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
£147
Based on a loan of £30,000 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