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Park Avenue, Gosforth

North East

£170,000
Listed on 09/01/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace house, located in the desirable area of Gosforth, presents an exceptional opportunity for buyers looking to invest in a property with significant renovation potential. While presently requiring some modern updates, this home offers a spacious layout that can be tailored to meet contemporary tastes and lifestyles. The property features an entrance hallway leading to a lounge and a bright open-plan kitchen/dining area, along with useful storage through a rear lobby connecting to a convenient ground floor W/C and an outhouse. The upper floor accommodates three nicely sized bedrooms and a shower room, ensuring ample space for family living. The exterior includes front and rear gardens, with the enclosed back garden featuring both lawn and patio areas—ideal for outdoor activities. Nestled within walking distance to local amenities including schools, shops, and transport links, this property not only provides immediate comfort but also boasts the opportunity for capital growth through refurbishment.

Investment Analysis

(NE3 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£247
Avg Yield
5.3%

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
54
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (NE3)

Area prices are stable by +0.2% over the last 12 months
3 year growth: +12.5%
5 year growth: +13.3%
Investment Disclaimer: Analysis based on NE3 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

Park Avenue, Gosforth
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£613
Based on a loan of £127,500 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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