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Devonshire Place, Jesmond, Newcastle upon Tyne - Image 1
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Devonshire Place, Jesmond, Newcastle upon Tyne

North East

£425,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2484 sqft

Description

This three-storey Victorian mid-terrace property in Jesmond offers a wealth of potential for renovation enthusiasts and investors alike. With approximately 2,500 sq ft of living space, the home retains numerous original features that could serve as a stunning foundation for modern updates. The entrance lobby leads into a spacious hall with charming painted wood flooring, setting the tone for the rest of the property. The ground floor hosts a generous lounge with a period fireplace and bay window, along with a dining room and rear sitting room that connects to the kitchen. There is also convenient access to a w/c and garage from this level. Moving to the first floor, you will find an impressive full-width bedroom boasting decorative elements including stained glass windows, alongside two additional bedrooms and essential bathroom facilities. The second floor introduces two more bedrooms, each featuring period fireplaces, plus valuable eaves storage. With its south-facing yard and garage access at the rear, this property represents an appealing project for those looking to create their dream home or a lucrative rental opportunity in a prime location close to local amenities and transport links into Newcastle City Centre.

Investment Analysis

(NE2 area)

Below Market Value

This property is priced -38.0% below area average per sq ft

-38.0%
Potential saving
This Property
£171/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£480
Avg Yield
9.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£754,279
10% above area average per sq ft
Potential ROI
+46.5%
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

Devonshire Place, 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
£1,557
Based on a loan of £318,750 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