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Long Bank, Wrekenton, Gateshead

North East

£190,000
Listed on 25/02/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This charming two-bedroom stone-built terrace presents a unique opportunity for renovation enthusiasts and investors. Ideally situated with no onward chain, the property boasts significant character and charm while offering ample scope for updates. The layout includes an entrance hallway that leads into a lounge featuring a bay window and a period fireplace, as well as sliding doors that connect to the dining room, which benefits from a convenient ground floor WC. The kitchen, although functional with existing fitted units, is ready for modernisation to unlock its full potential. On the first floor, the split-level landing accesses two spacious bedrooms alongside a three-piece shower room. Outside, the property features a hedged front garden and a private rear garden complete with various planting areas and patios leading to a detached garage/workshop—ideal for those looking to create their own outdoor sanctuary or work area. With existing gas central heating and double glazing in place, this home is perfect for first-time buyers seeking to add value through renovation or investors looking for profitable opportunities. Its location in Wrekenton offers excellent transport connections and proximity to scenic countryside walks, making it a desirable choice for diverse buyers.

Investment Analysis

(NE9 area)
Area Average
£197/sq ft
Avg Rent (weekly)
£197
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
71%
Properties sold annually

Local Market Trend (NE9)

Area prices are rising by +3.4% over the last 12 months
3 year growth: +4.7%
5 year growth: +12.2%
Investment Disclaimer: Analysis based on NE9 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

Long Bank, Wrekenton, 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
£685
Based on a loan of £142,500 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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