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Summerhill Drive, Waterhayes, Newcastle, ST5

West Midlands

£92,000

Listed on 27/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
517 sqft

Description

This two-bedroom townhouse, positioned within the sought-after Waterhayes development, presents a promising investment opportunity for those looking to undertake a renovation project. The property requires a comprehensive overhaul, including the installation of a central heating system and general refurbishment to align it with modern living standards. The ground floor comprises an entrance lobby leading into a kitchen equipped with basic units alongside an electric oven and gas hob. A cozy lounge area features a gas fire and offers access to the first floor via a staircase. On the first floor, you'll find a box landing area with loft access, a main bedroom complete with a double wardrobe and airing cupboard, alongside a second bedroom and an original three-piece bathroom suite that could benefit from updates. Outdoors, the property boasts two dedicated off-road parking spaces and an open-plan front garden that enhances curb appeal. An external store cupboard adds extra storage potential. With its current EPC rating of E, this townhouse provides a solid foundation for those looking to invest in refurbishments that could significantly increase its value over time.

Investment Analysis

(ST5 area)

Below Market Value

This property is priced -22.3% below area average per sq ft

-22.3%
Potential saving
This Property
£178/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£224
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£130,175
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ST5)

Area prices are stable by -0.6% over the last 12 months
3 year growth: +11.9%
5 year growth: +33.3%
Investment Disclaimer: Analysis based on ST5 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

Summerhill Drive, Waterhayes, Newcastle, ST5
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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
£328
Based on a loan of £69,000 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.

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