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Ashford, Gateshead

North East

£92,500
Listed on 02/03/2026

Property Details

Bedrooms
3
Type
House
Area
948 sqft

Description

This three-bedroom residence presents an appealing opportunity for first-time buyers and savvy investors alike, offering spacious living in a well-established residential area. The property, with approximately 948 sq ft of accommodation spread over two levels, is primed for renovation throughout, allowing newcomers to tailor their home or enhance its value through modernisation. The ground floor features a sizable lounge with a large front window that provides a pleasant view of the surrounding green space, as well as a roomy kitchen and dining area at the rear, complemented by a utility room and rear lobby. This layout showcases good proportions and potential for reconfiguration to meet contemporary living standards. On the first floor, three adequately sized bedrooms await along with a family bathroom equipped with a contemporary suite. Outside, the front offers views across open green areas, while the back includes a low-maintenance garden and an outbuilding for extra storage. Although updates are necessary, this property's solid structure serves as an excellent foundation for improvement. Located conveniently close to local shops, schools, and transport links to surrounding towns and city centres, this property holds great promise for those willing to invest in its transformation.

Investment Analysis

(NE9 area)

Below Market Value

This property is priced -51.3% below area average per sq ft

-51.3%
Potential saving
This Property
£98/sq ft
Area Average
£200/sq ft
Avg Rent (weekly)
£202
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£208,769
10% above area average per sq ft
Potential ROI
+70.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (NE9)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +2.0%
5 year growth: +12.3%
Investment Disclaimer: Analysis based on NE9 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

Ashford, Gateshead
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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
£328
Based on a loan of £69,375 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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