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Wealcroft, Leam Lane, Gateshead, NE10

North East

£120,000
Listed on 21/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached home presents a compelling opportunity for buyers looking to invest in a renovation project. While the property requires updating, it offers a spacious layout ideal for reconfiguration or modernization to suit contemporary standards. The entrance hall welcomes you with a generous storage cupboard and leads to a sizable lounge that features a charming bay window, flooding the room with natural light. At the rear, the dining room provides ample space for entertaining, complete with French doors that open onto the rear garden, effectively blending indoor and outdoor living. The kitchen is functional with existing plumbing for a washing machine and dishwasher while offering sufficient space for essential appliances. Upstairs, you'll find three well-proportioned bedrooms alongside a shower room fitted with modern amenities. The first floor also benefits from additional storage options including loft access. Outdoor spaces include an easily maintained front garden and a larger rear garden that encompasses both patio and lawn areas, perfect for outdoor activities or further landscaping enhancements. With double glazing throughout and a gas heating system via combi boiler already in place, this property holds significant potential for those keen on transforming it into their dream family home.

Investment Analysis

(NE10 area)
Area Average
£157/sq ft
Avg Rent (weekly)
£182
Avg Yield
7.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (NE10)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +9.9%
5 year growth: +21.0%
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

Wealcroft, Leam Lane, Gateshead, NE10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 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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