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Melrose Avenue, Newcastle, ST5

West Midlands

£430,000
Listed on 03/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1610 sqft

Description

This detached family residence presents an excellent opportunity for those seeking a versatile living space with the potential for considerable enhancement. Located in a desirable residential area, this property features a spacious interior layout and a private garden that promises both relaxation and entertainment opportunities. Previous planning permission for extension has been granted, allowing new owners to expand the home's footprint and customize it to their needs. Upon entering, you are welcomed by a hallway that leads seamlessly to various living areas. The front-facing lounge is bright and inviting, perfect for creating a cozy atmosphere. The kitchen is ideally situated at the rear of the home, providing access to a conservatory that opens up to the garden, ideal for hosting gatherings or enjoying family time. Adjacent to the kitchen is a dual-aspect family room, which can be adapted as a playroom, study, or even an additional bedroom. The ground floor also includes practical amenities such as a utility area and a W.C./shower room, ensuring everyday tasks are handled efficiently while maintaining organization. On the first floor, there are three generously sized bedrooms suitable for families or remote working arrangements. A functional bathroom completes this level. Outside, the property boasts off-road parking through its driveway leading to an integral garage. The front garden enhances curb appeal while the expansive rear garden offers privacy and open space for outdoor activities along with useful storage in an outbuilding. With proximity to local amenities and schools (subject to confirmation), this home balances practicality with remarkable renovation potential for investors or families looking to make it their own.

Investment Analysis

(ST5 area)

Above Market Value

This property is priced +15.5% above area average per sq ft

+15.5%
This Property
£267/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£409,632
10% above area average per sq ft
Potential ROI
-12.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
89
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (ST5)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +11.7%
5 year growth: +25.5%
Investment Disclaimer: Analysis based on ST5 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

Melrose Avenue, Newcastle, ST5
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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
£1,551
Based on a loan of £322,500 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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