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Meresyde, Gateshead

North East

£125,000
Listed on 05/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
849 sqft

Description

This semi-detached three-bedroom property stands as a promising project for those looking to invest. Although the home requires modernization, it features well-sized living spaces and a sizeable rear garden that could enhance its appeal. The entrance hall opens into a bright lounge adorned with a large bay window, inviting natural light and offering views of the garden. The kitchen, while currently dated, possesses ample space for refurbishment, allowing creative redesign possibilities to cater to contemporary tastes. On the upper level, you’ll find three bedrooms: two spacious doubles and a single ideal for a nursery or office. The existing bathroom and separate WC present an opportunity for reconfiguration into a more efficient family bathroom, pending relevant approvals. Outside, the generous rear garden is perfect for leisure or landscaping projects, complemented by a low-maintenance front garden defined by boundary walls. Additionally, solar panels are installed with an attractive lease extending until 2039, enhancing energy efficiency potential. Situated in the desirable Leam Lane area near Fewster Square, this home is conveniently located near essential amenities and transport links to Gateshead and Newcastle, making it suitable for first-time buyers or seasoned investors alike.

Investment Analysis

(NE10 area)

Below Market Value

This property is priced -9.3% below area average per sq ft

-9.3%
Potential saving
This Property
£147/sq ft
Area Average
£162/sq ft
Avg Rent (weekly)
£183
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£151,525
10% above area average per sq ft
Potential ROI
-2.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (NE10)

Area prices are stable by -0.7% over the last 12 months
3 year growth: +9.8%
5 year growth: +22.4%
Investment Disclaimer: Analysis based on NE10 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

Meresyde, Gateshead
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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
£451
Based on a loan of £93,750 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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