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Milton Square, Gateshead, Tyne and Wear, NE8 3HW

North East

£50,000
Listed on 27/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This end-of-terrace two-bedroom home offers a promising investment opportunity for first-time buyers, families, or landlords looking to enhance their portfolio. Although the property requires some modernisation, it presents ample potential for improvement and reconfiguration, including the possibility of transforming it into a three-bedroom dwelling, pending necessary approvals. Recent upgrades already in place, such as UPVC double glazing, a combi boiler for central heating, and external wall insulation installed in 2013, lay a solid foundation for further enhancements. The layout includes an entrance lobby leading to a spacious lounge and kitchen diner with fitted units, plus an inner lobby that provides access to the staircase leading to the upper floor bedrooms and bathroom. Outside, there are gardens at both the front and rear of the property, offering opportunities for landscaping or gardening enthusiasts. Conveniently located near local amenities and well-connected for commutes to Gateshead, Low Fell, and Newcastle, this property is ideally situated to appeal to a wide range of potential occupants.

Investment Analysis

(NE8 area)
Area Average
£164/sq ft
Avg Rent (weekly)
£210
Avg Yield
8.3%

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
25
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE8)

Area prices are rising by +6.4% over the last 12 months
3 year growth: +10.0%
5 year growth: +18.2%
Investment Disclaimer: Analysis based on NE8 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

Milton Square, Gateshead, Tyne and Wear, NE8 3HW
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£180
Based on a loan of £37,500 over 30 years at 4.06% 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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