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Lomond Close, Lambton, Washington, NE38 - Image 1
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Lomond Close, Lambton, Washington, NE38 - Image 3
Lomond Close, Lambton, Washington, NE38 - Image 4
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Lomond Close, Lambton, Washington, NE38 - Image 9

Lomond Close, Lambton, Washington, NE38

North East

£75,000
Listed on 18/02/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terrace house presents an appealing opportunity for both first-time buyers and investors seeking properties with renovation potential. Located in the sought-after Lambton area, this property is conveniently positioned near local schools, shops, and various amenities. The layout features an entrance hallway that leads to a lounge, kitchen, and a single bedroom on the ground floor. The upper level hosts a sizeable double bedroom and a shower room, offering ample living space. While the property is functional, it would benefit from modernization and aesthetic updates. The enclosed gardens at the front and rear provide outdoor space that could be enhanced for better usability or landscaping. Lambton boasts a well-regarded primary school nearby, with additional educational facilities located in the neighboring village of Oxclose. Transport links are robust with easy access to major roadways like the A19 and A1, making this location appealing for commuters. With no onward chain, this property offers a quick entry point into the market for those ready to invest in its enhancement.

Investment Analysis

(NE38 area)
Area Average
£186/sq ft
Avg Rent (weekly)
£187
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
49%
Properties sold annually

Local Market Trend (NE38)

Area prices are rising by +10.4% over the last 12 months
3 year growth: +19.8%
5 year growth: +7.2%
Investment Disclaimer: Analysis based on NE38 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

Lomond Close, Lambton, Washington, NE38
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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
£270
Based on a loan of £56,250 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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