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Wigmore Avenue, Newcastle Upon Tyne, NE6 - Image 1
Wigmore Avenue, Newcastle Upon Tyne, NE6 - Image 2
Wigmore Avenue, Newcastle Upon Tyne, NE6 - Image 3
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Wigmore Avenue, Newcastle Upon Tyne, NE6 - Image 5
Wigmore Avenue, Newcastle Upon Tyne, NE6 - Image 6

Wigmore Avenue, Newcastle Upon Tyne, NE6

North East

£75,000
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
648 sqft

Description

This terraced house featuring two bedrooms is a promising investment opportunity located just a short distance from the heart of Newcastle. The expansive lounge provides a flexible area perfect for relaxation or social gatherings, adaptable to meet diverse lifestyle needs. Both bedrooms are generously sized, offering comfortable living arrangements suitable for individuals, couples, or small families. The kitchen and bathroom present clear opportunities for modernization, allowing new owners to infuse their personal style into these spaces. The property is equipped with double glazing and gas central heating, ensuring year-round comfort. Additional practical features include a welcoming entrance hall and ample storage solutions throughout. With its good proportions and potential for renovation, this house is an ideal canvas for those looking to invest in their perfect home or rental property. Its convenient location ensures easy access to local amenities, schools, and public transport links, further enhancing its appeal for both living and investing. Viewing is encouraged to explore the possibilities this property offers, especially given its chain-free sale facilitating a straightforward acquisition.

Investment Analysis

(NE6 area)

Below Market Value

This property is priced -42.0% below area average per sq ft

-42.0%
Potential saving
This Property
£116/sq ft
Area Average
£200/sq ft
Avg Rent (weekly)
£293
Avg Yield
8.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£142,311
10% above area average per sq ft
Potential ROI
+42.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (NE6)

Area prices are rising by +5.7% over the last 12 months
3 year growth: +17.5%
5 year growth: +27.7%
Investment Disclaimer: Analysis based on NE6 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

Wigmore Avenue, Newcastle Upon Tyne, NE6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£268
Based on a loan of £56,250 over 30 years at 3.97% 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.

Stamp Duty Calculator

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