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Hastings Street, Cramlington

North East

£35,000
Listed on 10/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

Presenting a three-bedroom terraced house in the well-established Klondyke area of Cramlington, this property is offered with no upper chain and awaits a transformation. Ideally located near local amenities, schools, and transport links, it provides an attractive investment opportunity for those looking to modernize. The property requires extensive refurbishment throughout, making it particularly appealing for developers or investors aiming to enhance its value through renovations. Once completed, potential exists for either resale in a competitive market or as a desirable rental property due to strong tenant demand in the area. Cramlington's amenities are conveniently accessible, from varied shopping options to leisure facilities. It boasts excellent road connections and public transport availability, enhancing its appeal for both families and commuters alike. This project not only promises great potential but also allows you to contribute your vision to a home that could thrive in this vibrant community.

Investment Analysis

(NE23 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£220
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (NE23)

Area prices are falling by -6.7% over the last 12 months
3 year growth: +1.3%
5 year growth: +6.3%
Investment Disclaimer: Analysis based on NE23 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

Hastings Street, Cramlington
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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
£124
Based on a loan of £26,250 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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