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Oakfield Road, Lobley Hill, Gateshead, NE11 - Image 1
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Oakfield Road, Lobley Hill, Gateshead, NE11

North East

£120,000
Listed on 11/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached three-bedroom house presents a prime opportunity for those looking to invest or create their ideal home in a sought-after area. While the property requires some updating, its spacious layout includes an entrance lobby leading to a generous lounge that seamlessly connects with the dining area, perfect for modern living. The kitchen is equipped with both wall and floor units and features a separate utility room, accommodating necessary appliances such as a washing machine and refrigerator. Each of the three well-sized bedrooms offers good potential for personalization, while the bathroom is furnished with essential amenities including a bath and wash basin, along with an additional separate W/C. The home benefits from gas central heating and double glazing throughout, enhancing energy efficiency. Outside, there are gardens at both the front and rear, providing outdoor space for families or individuals alike. This property is freehold and chain-free, making it an attractive prospect for first-time buyers or investors looking to capitalize on its renovation potential. Additionally, excellent transportation links via road and public transport enhance accessibility to nearby facilities such as The Metrocentre and Newcastle City.

Investment Analysis

(NE11 area)
Area Average
£184/sq ft
Avg Rent (weekly)
£194
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
118%
Properties sold annually

Local Market Trend (NE11)

Area prices are stable by +0.3% over the last 12 months
3 year growth: +8.0%
5 year growth: +20.9%
Investment Disclaimer: Analysis based on NE11 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

Oakfield Road, Lobley Hill, Gateshead, NE11
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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
£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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