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Honiton Way, North Shields

North East

£134,950
Listed on 02/04/2026

Property Details

Bedrooms
3
Type
House
Area
771 sqft

Description

Introducing a three-bedroom family residence situated in North Shields, this property is an excellent canvas for those wishing to invest in a renovation project. While the home currently requires updating, it offers significant potential to transform into a modern living space tailored to your preferences. Upon entry, you'll find a welcoming hallway that leads into a generously sized lounge, ideal for both relaxation and entertaining. The adjacent dining room provides a charming area for family meals and gatherings. The kitchen presents an opportunity for modernization, allowing you to design a culinary space that meets contemporary needs. The first floor hosts three well-sized bedrooms, each offering comfort and privacy, along with a family bathroom that fulfills essential daily requirements. Outdoors, the front and rear gardens offer delightful spots for outdoor activities or serene moments in nature. Additionally, double gates facilitate off-street parking for convenience. With immediate vacant possession available, this property is ripe for buyers eager to add their own personal touch and create their dream family home.

Investment Analysis

(NE29 area)

Below Market Value

This property is priced -15.2% below area average per sq ft

-15.2%
Potential saving
This Property
£175/sq ft
Area Average
£206/sq ft
Avg Rent (weekly)
£178
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£175,005
10% above area average per sq ft
Potential ROI
+9.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NE29)

Area prices are rising by +7.3% over the last 12 months
3 year growth: +10.8%
5 year growth: +36.2%
Investment Disclaimer: Analysis based on NE29 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

Honiton Way, North Shields
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£478
Based on a loan of £101,212 over 30 years at 3.91% 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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