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

North East

£50,000

Listed on 25/02/2026

Property Details

Bedrooms
2
Type
End Of Terrace

Description

This two-bedroom end of terrace property offers a promising investment opportunity or a first-time buyer’s chance to create their ideal home. While the space is currently in need of modernisation, it features solid foundations for further development, including the potential to transform it into a three-bedroom residence with the appropriate permissions. Improvements have already been made, such as UPVC double glazing and a combi boiler central heating system, along with external wall insulation installed in 2013, enhancing energy efficiency. The layout consists of an entrance lobby leading to a lounge and kitchen diner, both spacious enough for reconfiguration. Two bedrooms and a bathroom complete the interior. Outside, the front and rear gardens provide additional outdoor space that could benefit from landscaping or development. Located conveniently for access to local amenities and transport links to Gateshead, Low Fell, and Newcastle, this property holds significant renovation potential.

Investment Analysis

(NE8 area)
Area Average
£166/sq ft
Avg Rent (weekly)
£207
Avg Yield
8.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE8)

Area prices are stable by -1.0% over the last 12 months
3 year growth: +4.6%
5 year growth: +10.1%
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

£
£
£
%
%
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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