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Cresswell Drive, Newcastle Upon Tyne

North East

£160,000
Listed on 17/03/2026

Property Details

Bedrooms
2
Type
Semi Detached

Description

This two-bedroom semi-detached bungalow, located in the desirable Red House Farm area just outside of Gosforth, offers an excellent renovation opportunity for investors or those looking to downsize. The property enjoys convenient transport links, with bus routes and Fawdon Metro station within walking distance, ensuring easy access to Newcastle City Centre and the airport. The A1 is also accessible for straightforward commuting. With Gosforth High Street nearby, you'll find a rich selection of shops, cafés, and bars enhancing the local lifestyle. Internally, the bungalow boasts an entrance porch leading to a hallway equipped with practical storage solutions. It features two spacious double bedrooms, a lounge area, and a separate dining room that opens into a rear porch. The kitchen and bathroom are functional but offer ample potential for modernization and personal touch. Externally, the property benefits from a sizable front garden and a driveway that leads to an attached garage. The large rear garden presents an ideal setting for outdoor projects or simply enjoying leisure time during warmer months. This property represents a significant chance to create a personalized living space in a sought-after location.

Investment Analysis

(NE3 area)
Area Average
£253/sq ft
Avg Rent (weekly)
£245
Avg Yield
5.2%

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
57
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (NE3)

Area prices are rising by +2.4% over the last 12 months
3 year growth: +14.7%
5 year growth: +13.5%
Investment Disclaimer: Analysis based on NE3 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

Cresswell Drive, Newcastle Upon Tyne
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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
£577
Based on a loan of £120,000 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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