Worst House on the Street Logo
Montague Street, Lemington, Newcastle upon Tyne, NE15 - Image 1
Montague Street, Lemington, Newcastle upon Tyne, NE15 - Image 2
Montague Street, Lemington, Newcastle upon Tyne, NE15 - Image 3
Montague Street, Lemington, Newcastle upon Tyne, NE15 - Image 4
Montague Street, Lemington, Newcastle upon Tyne, NE15 - Image 5
Montague Street, Lemington, Newcastle upon Tyne, NE15 - Image 6
Montague Street, Lemington, Newcastle upon Tyne, NE15 - Image 7
Montague Street, Lemington, Newcastle upon Tyne, NE15 - Image 8

Montague Street, Lemington, Newcastle upon Tyne, NE15

North East

£90,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This property presents an intriguing investment opportunity situated in Lemington, just west of Newcastle. The spacious interior features a well-thought-out layout with multiple generously sized rooms that hold significant potential for renovation. With no onward chain, this property is primed for an investor looking to create value through thoughtful upgrades. Upon entry, the small hallway leads to a staircase guiding you to the first floor. To the left is a bright reception room, complemented by a similar-sized lounge on the right, which includes a convenient built-in storage cupboard. Both spaces are adaptable and could serve various purposes; notably, the front reception has previously been utilized as an additional bedroom. At the rear of the property lies the kitchen, accessed from the lounge. Currently featuring basic wall and base units, this area can be transformed into a practical hub for cooking with some modernization efforts. Beyond the kitchen is access to a side yard that may offer extra outdoor usability. The first floor accommodates two spacious double bedrooms at the front along with a versatile room ideal for laundry or utility use. The bathroom boasts a three-piece suite that includes both a bathtub and separate walk-in shower, presenting opportunities for enhancement. While some updates are necessary to meet modern standards, the property currently maintains neutral decor throughout. Its location offers good transport links and local amenities within close proximity—making it not only practical but also appealing for future tenants or owners post-renovation.

Investment Analysis

(NE15 area)
Area Average
£198/sq ft
Avg Rent (weekly)
£236
Avg Yield
6.1%

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
25
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE15)

Area prices are rising by +5.4% over the last 12 months
3 year growth: -1.4%
5 year growth: +13.2%
Investment Disclaimer: Analysis based on NE15 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

Montague Street, Lemington, Newcastle upon Tyne, NE15
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£325
Based on a loan of £67,500 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.