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8. Ellesmere Avenue, Westerhope, Newcastle upon Tyne, Tyne and Wear NE5 2LN - Image 1
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8. Ellesmere Avenue, Westerhope, Newcastle upon Tyne, Tyne and Wear NE5 2LN - Image 3
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8. Ellesmere Avenue, Westerhope, Newcastle upon Tyne, Tyne and Wear NE5 2LN

North East

£120,000
Listed on 27/04/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This semi-detached home, spread across three stories in the desirable area of Westerhope, presents a valuable investment opportunity for those looking to engage in a renovation project. Spanning approximately 112 sqm, this property has already seen some initial refurbishment efforts, including structural modifications and first-fix installations, setting a solid foundation for further development. The layout features an entrance hall leading into a spacious living room and kitchen area on the ground floor, alongside a utility room and WC. The first floor houses three bedrooms and a family bathroom, while the second floor boasts a generously sized main bedroom equipped with an ensuite and additional storage within the eaves. Externally, there’s off-street parking via a driveway and potential for landscaping or expansion at the rear and side (subject to appropriate permissions). Important renovations like the loft conversion are well underway, with materials such as a sauna unit included in the sale. This property is ideally suited for buyers prepared to complete its transformation into a fully functional home, thus maximizing its value. Located conveniently close to local amenities and transport links to Newcastle city centre, this home is poised for excellent resale or rental potential once completed.

Investment Analysis

(NE5 area)
Area Average
£201/sq ft
Avg Rent (weekly)
£208
Avg Yield
5.7%

Renovation Potential

Medium 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
48
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (NE5)

Area prices are stable by -0.3% over the last 12 months
3 year growth: +0.6%
5 year growth: +16.2%
Investment Disclaimer: Analysis based on NE5 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

8. Ellesmere Avenue, Westerhope, Newcastle upon Tyne, Tyne and Wear NE5 2LN
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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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