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Southway, Gateshead

North East

£95,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace home presents a unique opportunity for renovation and investment, situated in a desirable residential neighborhood of Gateshead. With the property being sold with no onward chain, it is ready for a new owner to transform it into a comfortable family home or capitalize on its investment potential. The layout begins with an entrance hallway that leads into a spacious lounge. The presence of windows at both the front and rear allows for ample natural light, creating a welcoming atmosphere. Adjacent to the lounge is a sizable kitchen/diner, which offers an ideal space for reconfiguration and modernization. A convenient ground-floor WC adds practicality for future residents. On the upper level, you will find three well-proportioned bedrooms along with a family bathroom. Each bedroom benefits from good daylight and offers versatility that could accommodate modern needs such as workspace or additional storage options. Externally, the property features a small front garden and a larger rear garden that holds significant promise for landscaping or expansion—perfect for anyone looking to create an outdoor retreat or play area. With approximately 79.2 square meters (854 square feet) of internal space, there is ample room to reimagine the home's layout significantly. Located in Southway, this property overlooks open green parkland, providing not only pleasant views but also access to nearby recreational spaces. The well-established community offers essential amenities, schools, and public transport links within easy reach, ensuring convenient connections to Gateshead Town Centre, Newcastle City Centre, and the A1(M) for commuters. Overall, this mid-terrace home is ripe for refurbishment, representing an excellent investment opportunity in a sought-after area with strong long-term potential. Whether targeted as a personal residence or rental property, the possibilities are abundant for those willing to undertake the project.

Investment Analysis

(NE9 area)
Area Average
£197/sq ft
Avg Rent (weekly)
£184
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (NE9)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 3.1%
5 year growth: 12.9%
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

Southway, Gateshead
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£348
Based on a loan of £71,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE