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Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 1
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 2
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 3
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 4
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 5
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 6
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 7
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 8
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 9
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 10
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 11
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 12
Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ - Image 13

Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ

North East

£240,000
Listed on 09/04/2026

Property Details

Bedrooms
3
Type
Terraced Bungalow
Area
811 sqft

Description

This appealing 3-bedroom terraced house is situated in the sought-after Ashburton Village area of Gosforth, Newcastle upon Tyne. The property presents an excellent investment opportunity for developers, investors or first-time buyers looking to create their ideal home. With a lounge, three bedrooms, kitchen and bathroom, this house is primed for renovation to enhance its charm and functionality. Outdoor space includes a front city garden and an enclosed rear garden, along with two garages—adding further value to the property. While it requires some refurbishment, the home's potential in this desirable location can only be fully appreciated through a viewing. The property benefits from Band C council tax and has an EPC rating of 'D', reflecting reasonable energy efficiency. Additionally, the absence of an onward chain simplifies the purchasing process for prospective buyers. Located centrally in Gosforth, residents will enjoy convenient access to local amenities such as shops, schools, parks, and excellent public transport links.

Investment Analysis

(NE3 area)

Above Market Value

This property is priced +18.5% above area average per sq ft

+18.5%
This Property
£296/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£244
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£222,757
10% above area average per sq ft
Potential ROI
-20.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (NE3)

Area prices are falling by -2.2% over the last 12 months
3 year growth: +14.4%
5 year growth: +9.3%
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

Oakfield Terrace, Gosforth, Newcastle upon Tyne, Tyne and Wear, NE3 4RQ
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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
£850
Based on a loan of £180,000 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.

Stamp Duty Calculator

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