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Cleveland Gardens, Wallsend, Tyne and Wear, NE28 0DQ

North East

£55,000
Listed on 08/05/2026

Property Details

Bedrooms
2
Type
Ground Flat
Area
467 sqft

Description

This two-bedroom ground floor flat presents a solid investment opportunity for those looking to enter the property market or expand their portfolio. Located in Howdon, it features an entrance hall leading to a generously sized lounge with a walk-in bay window, creating a welcoming atmosphere. The kitchen, situated at the rear, offers ample wall and base units alongside essential appliance spaces and direct access to the shared rear yard. This outdoor area is predominantly paved and enclosed by fencing, providing potential for private usage or further enhancement. The property benefits from double glazing throughout and gas central heating, improving energy efficiency. Both bedrooms are decent-sized with natural light, while the bathroom includes a three-piece suite that could benefit from modernization. With no onward chain, this flat could be an ideal canvas for light to medium refurbishment that enhances its living space and overall appeal. The long lease of 999 years adds to its attractiveness as an enduring asset.

Investment Analysis

(NE28 area)

Below Market Value

This property is priced -33.7% below area average per sq ft

-33.7%
Potential saving
This Property
£118/sq ft
Area Average
£178/sq ft
Avg Rent (weekly)
£175
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£91,310
10% above area average per sq ft
Potential ROI
+14.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NE28)

Area prices are falling by -5.5% over the last 12 months
3 year growth: +9.0%
5 year growth: +15.9%
Investment Disclaimer: Analysis based on NE28 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

Cleveland Gardens, Wallsend, Tyne and Wear, NE28 0DQ
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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
£196
Based on a loan of £41,250 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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