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Wellington Road, Gateshead, NE11 - Image 1
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Wellington Road, Gateshead, NE11

North East

£30,000
Listed on 13/05/2026

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat offers an exciting opportunity for those looking to invest or personalize a property in a sought-after North East location. The spacious layout includes a well-sized lounge, a separate kitchen with plenty of storage options, and two sizable bedrooms, providing ample space for both living and potential renovation. While the flat would benefit from modern updates, it serves as a blank canvas that invites creativity and personal expression. The bathroom is light and conveniently positioned, while features like gas central heating and double glazing (where specified) contribute to energy efficiency. With easy access to local amenities, transport links, and schools, this property is ideally located for urban living. Given its renovation needs, the flat presents a solid investment prospect for first-time buyers or seasoned investors alike. Early viewings are recommended to fully appreciate the potential this space holds for transformation.

Investment Analysis

(NE11 area)
Area Average
£195/sq ft
Avg Rent (weekly)
£196
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (NE11)

Area prices are falling by -2.3% over the last 12 months
3 year growth: +7.1%
5 year growth: +25.4%
Investment Disclaimer: Analysis based on NE11 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

Wellington Road, Gateshead, NE11
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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
£107
Based on a loan of £22,500 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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