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Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 1
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 2
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 3
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 4
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 5
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 6
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 7
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 8
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 9
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 10
Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP - Image 11

Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP

North East

£150,000
Listed on 07/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
979 sqft

Description

This semi-detached family home presents an opportunity for renovation and investment, ideally situated on the desirable Elizabeth Drive in Palmersville. The property features a traditional layout with an entrance hallway leading to a lounge that benefits from a UPVC double-glazed window allowing plenty of natural light. Adjacent to the lounge is a separate dining room, which opens up possibilities for reconfiguration or modernization. The kitchen is of a generous size and provides access to the rear passage, complete with useful outbuildings that could be repurposed or enhanced for additional storage or workspace. Upstairs, the residence boasts three well-proportioned bedrooms and a bathroom, all of which could greatly benefit from updates to maximize comfort and functionality. Externally, the property includes both front and rear gardens, complemented by a driveway offering off-street parking. The south-facing rear garden is enclosed, making it suitable for children's play as well as gatherings and barbecues. Located within close proximity to local amenities in Forest Hall, such as shops, restaurants, supermarkets, and health services, this area remains popular among families. The presence of multiple primary schools—such as Forest Hall Primary School and St Marys RC Primary School—along with nearby secondary education options like George Stephenson High School enhances its appeal for families looking for educational opportunities. Additionally, excellent transport connections to both the A1 and A19 provide easy access to surrounding areas and Newcastle City Centre. This home not only offers comfortable living space but also significant potential for modernisation, making it an attractive prospect for those interested in investment or personalisation tailored to contemporary standards.

Investment Analysis

(NE12 area)

Below Market Value

This property is priced -28.7% below area average per sq ft

-28.7%
Potential saving
This Property
£153/sq ft
Area Average
£215/sq ft
Avg Rent (weekly)
£237
Avg Yield
5.3%

Renovation Potential

Est. Renovation Cost
£15,000 - £37,500
10-25% of property value
Target Value
£231,264
10% above area average per sq ft
Potential ROI
+23.3%
After renovation
Monthly Sales
22
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (NE12)

Area prices are rising by +9.9% over the last 12 months
3 year growth: 4.8%
5 year growth: 25.4%
Investment Disclaimer: Analysis based on NE12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP
Map showing location of Elizabeth Drive, Forest Hall, Newcastle upon Tyne, Tyne and Wear, NE12 9QP
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