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Lumley Avenue, NE16

North East

£130,000
Listed on 06/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
757 sqft

Description

This two-bedroom semi-detached bungalow in Swalwell, NE16 is a promising project for those looking to invest in a property that requires modernisation. The home features a spacious layout, including a kitchen with pantry storage that opens to the garden, a large living room leading to a rear conservatory, and two comfortable double bedrooms at the front that offer pleasant views. A family bathroom with a shower over the bath completes the interior space. Outside, you'll find wrap-around gardens with both paved and lawned areas bordered by decorative stone; there's also a detached garage for additional storage or potential workshop space. With no onward chain and an excellent location providing easy access to the A1 and Metrocentre, this property invites buyers to unleash their creativity and preferences in how they choose to renovate and personalise it.

Investment Analysis

(NE16 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£172/sq ft
Area Average
£219/sq ft
Avg Rent (weekly)
£182
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£182,361
10% above area average per sq ft
Potential ROI
+7.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (NE16)

Area prices are falling by -10.0% over the last 12 months
3 year growth: +5.3%
5 year growth: +4.1%
Investment Disclaimer: Analysis based on NE16 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

Lumley Avenue, NE16
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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
£469
Based on a loan of £97,500 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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