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Laurel Street, Wallsend

North East

£120,000
Listed on 23/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom terraced house, previously functioning as two flats, offers an exciting opportunity for renovation and investment. Positioned in a convenient area within walking distance of Wallsend Metro Station, the home features two spacious reception rooms and a private yard. The ground floor includes a dining room with a feature fireplace and leads to a lounge with French doors that open to the backyard, enhancing potential outdoor living space. The compact kitchen is functional yet could benefit from modern updates. Upstairs, there are two well-sized bedrooms and a bathroom equipped with both a bath and separate shower cubicle. With its traditional construction and energy rating of D, this property presents a blank canvas for investors or homeowners looking to create their dream space or enhance rental income. Given its proximity to local amenities and transportation links, it has excellent potential for future value appreciation.

Investment Analysis

(NE28 area)
Area Average
£171/sq ft
Avg Rent (weekly)
£187
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (NE28)

Area prices are falling by -5.6% over the last 12 months
3 year growth: +6.5%
5 year growth: +17.4%
Investment Disclaimer: Analysis based on NE28 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

Laurel Street, Wallsend
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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
£425
Based on a loan of £90,000 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.

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