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Hopper Street, Gateshead, Newcastle-Upon-Tyne, NE8 - Image 1

Hopper Street, Gateshead, Newcastle-Upon-Tyne, NE8

North East

£585,000
Listed on 06/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents a significant development opportunity situated in the heart of Gateshead. The site on Hopper Street is already cleared and comes with pre-application planning advice for an ambitious eight-storey residential project, which aims to create 94 units. The location is particularly advantageous, nestled within the Urban Core and close to essential transport links and amenities, making it an attractive prospect for future residents. The site has undergone thorough pre-application discussions with local authorities concerning the demolition of existing structures and plans for redevelopment into modern co-living and student accommodation. This includes communal spaces, cycle storage, and waste management facilities. Documentation from these discussions is accessible for serious investors. Gateshead Council has indicated that this proposal aligns with their vision for urban regeneration, suggesting strong support for increased residential offerings in this town centre setting. Additionally, the excellent connectivity provided by nearby public transport links enhances its appeal, offering swift access to Newcastle City Centre and broader regional routes. Surrounded by a mixture of commercial and residential properties, this plot is well-positioned near numerous amenities including shops, cafes, leisure centres, and professional services—factors that are likely to attract potential occupants. In summary, this site presents an ideal venture for developers and investors looking to tap into high-density living solutions in a well-established urban environment. However, further technical assessments will be necessary as part of any formal planning efforts focusing on design considerations as well as environmental impact.

Investment Analysis

(NE8 area)
Area Average
£164/sq ft
Avg Rent (weekly)
£210
Avg Yield
8.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £1,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE8)

Area prices are rising by +6.4% over the last 12 months
3 year growth: +10.0%
5 year growth: +18.2%
Investment Disclaimer: Analysis based on NE8 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

Hopper Street, Gateshead, Newcastle-Upon-Tyne, NE8
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,110
Based on a loan of £438,750 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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