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Pickering Green, Harlow Green, Gateshead, NE9 - Image 1
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Pickering Green, Harlow Green, Gateshead, NE9

North East

£50,000

Listed on 18/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This mid-terraced house presents a promising opportunity for first-time buyers or families looking to invest in a property with renovation potential. Currently offered via auction, it features non-standard construction, so prospective buyers should consult their lenders regarding mortgage eligibility before making an offer. With the right renovations, this home could yield a rental income of approximately £800 per month. Internally, the layout includes an entrance lobby that leads into a spacious lounge adorned with a bay window, creating a bright living space. An inner hallway provides access to the upper level as well as practical storage solutions like an under-stairs cupboard and a walk-in storage area. The dining kitchen is equipped with essential appliances including a built-in oven and electric hob, complemented by ample space for dining—ideal for family gatherings. At the rear, a lobby area allows access to the garden while providing room for additional appliances such as a fridge freezer. On the first floor, two well-sized bedrooms are featured, including a master bedroom with built-in storage. The shower room includes modern amenities such as a heated towel rail. Outside, the property boasts an enclosed front garden and a rear garden complete with patio seating; there’s also an additional storage/workshop space that holds further conversion potential (subject to necessary permissions). This home benefits from gas central heating through a combi boiler and is being sold freehold. Given its structural status and the need for updates or improvements, it is advisable for interested parties to assess renovation needs carefully before bidding.

Investment Analysis

(NE9 area)
Area Average
£198/sq ft
Avg Rent (weekly)
£190
Avg Yield
5.1%

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
30
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (NE9)

Area prices are stable by -2.0% over the last 12 months
3 year growth: +1.9%
5 year growth: +9.9%
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

Pickering Green, Harlow Green, Gateshead, NE9
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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
£178
Based on a loan of £37,500 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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