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Jam Jar Studios, 5 Mulgrave Terrace, Gateshead - Image 1
Jam Jar Studios, 5 Mulgrave Terrace, Gateshead - Image 2
Jam Jar Studios, 5 Mulgrave Terrace, Gateshead - Image 3
Jam Jar Studios, 5 Mulgrave Terrace, Gateshead - Image 4
Jam Jar Studios, 5 Mulgrave Terrace, Gateshead - Image 5

Jam Jar Studios, 5 Mulgrave Terrace, Gateshead

North East

£340,000
Listed on 26/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold detached property, previously serving as high-end office space, is ripe for transformation. Spread across four levels—including a basement, ground floor, first, and second floors—it boasts versatile spaces that could accommodate multiple functions. With prior configurations featuring office studios, a TV studio, and even a café on the ground floor, the potential for repurposing into either commercial or residential use is significant, pending necessary permissions. The property stands in proximity to Gateshead Metro Station, making it an appealing choice for both investors and future owner-occupiers looking to capitalize on its strategic location near major transport links.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
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

Jam Jar Studios, 5 Mulgrave Terrace, Gateshead
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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
£1,226
Based on a loan of £255,000 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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