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Gladstone Street Lemington, Newcastle upon Tyne, NE15

North East

£55,000
Listed on 23/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terrace property in the sought-after Benwell area offers an appealing investment opportunity for cash buyers. With a through lounge, a separate kitchen, and a ground floor bathroom, the layout is spacious and practical. The three well-proportioned bedrooms provide ample living space, complemented by an enclosed rear yard that enhances outdoor usability. Located conveniently near local amenities and schools, this property boasts strong transport links to Newcastle city centre, ensuring steady rental demand from working tenants. The investment potential here is significant; with a refurbishment estimated at £35,000, there is clear scope for value enhancement and increased rental income. Leamington (NE15) is recognized for its reliable tenant demand and favorable entry prices, making it an ideal location for property investors looking to optimize their portfolio. Any prospective buyer should be aware that appliances and systems in the property have not been tested, adhering to the seller's fixtures and fittings agreement. A non-refundable reservation fee applies upon acceptance of an offer.

Investment Analysis

(NE15 area)
Area Average
£193/sq ft
Avg Rent (weekly)
£234
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE15)

Area prices are rising by +3.8% over the last 12 months
3 year growth: -2.5%
5 year growth: +12.0%
Investment Disclaimer: Analysis based on NE15 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

Gladstone Street Lemington, Newcastle upon Tyne, NE15
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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
£195
Based on a loan of £41,250 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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