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Ridgewood Gardens, Gosforth, Newcastle Upon Tyne

North East

£295,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This charming three-bedroom terraced home offers a fantastic opportunity for renovation and investment, situated close to essential amenities such as South Gosforth Metro Station, local shops on Station Road, and Jesmond Dene. The property is in good condition yet presents significant scope for enhancement, particularly with the potential for extensions to expand living spaces. Stepping into the welcoming entrance hallway, you are introduced to a cozy living room characterized by a stunning bay window showcasing original leaded glass details, allowing natural light to flood the space. The original fireplace and wooden flooring add to its charming appeal. The kitchen, equipped with modern appliances including a Smeg cooker and ample storage options, could benefit from expansion into the rear garden area (subject to necessary permissions), creating an inviting open-plan layout ideal for contemporary living. The first floor hosts three well-sized bedrooms along with a family bathroom featuring a fully tiled three-piece suite with modern fittings. The principal bedroom enjoys bright south-facing light, while the second bedroom overlooks the rear garden. The loft space currently serves as excellent storage but holds great potential for conversion into additional living space or a principal suite with the appropriate approvals. Original features throughout enhance the character of this property which also includes on-street parking and outdoor spaces comprising a small front garden and larger rear garden with decked seating areas and outdoor storage solutions.

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 - £30,000
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

Ridgewood Gardens, Gosforth, Newcastle Upon Tyne
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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
£1,064
Based on a loan of £221,250 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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