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Great Lime Road, Newcastle Upon Tyne

North East

£360,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Detached

Description

This Victorian double-fronted residence, dating back to approximately 1886, presents a promising opportunity for those looking to invest in a property with significant potential for personalization and renovation. Located on Great Lime Road in Forest Hall, 'Oakfield House' showcases a charming stone facade and is surrounded by expansive gardens, offering ample outdoor space. While the home retains several original features, it requires modern updates to meet contemporary standards of comfort and style. The layout comprises an inviting vestibule leading to a spacious central hallway, flanked by two light-filled reception rooms at the front. A third reception room serves as a dining area adjacent to the kitchen which provides access to a porch and the extensive wrap-around garden. Upstairs, the first floor features three generously-sized double bedrooms complemented by a family bathroom. The property benefits from mature landscaping that affords privacy from the road, while an extensive walled garden with mature flora includes a greenhouse and ornamental pond, along with double timber gates granting off-street parking. Although this residence is competitively priced to account for necessary refurbishments, it offers an excellent foundation for creating a fantastic family home. Its location is advantageous due to its proximity to local amenities including schools, parks, and restaurants in both Forest Hall and Killingworth. Furthermore, convenient transport links are available at nearby Palmersville metro station which connects residents with Newcastle City Centre and coastal routes as well as easy access to the A19 road links. Take advantage of this exceptional opportunity to tailor this property into your dream home.

Investment Analysis

(NE12 area)
Area Average
£217/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
49%
Properties sold annually

Local Market Trend (NE12)

Area prices are rising by +11.0% over the last 12 months
3 year growth: +8.8%
5 year growth: +24.9%
Investment Disclaimer: Analysis based on NE12 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

Great Lime Road, 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
£1,298
Based on a loan of £270,000 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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