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Ashgill, Washington, Tyne and Wear, NE37

North East

£120,000

Listed on 27/05/2026

Property Details

Bedrooms
3
Type
Town House
Area
1145 sqft

Description

This adaptable three to four-bedroom terraced property is located in the sought-after Albany area, making it a prime candidate for those looking to invest in a renovation project. While the home does require some modern updates, it offers a fantastic chance for buyers to infuse their personal style and increase its value. The ground floor features a functional kitchen alongside a versatile study that can easily serve as an additional bedroom, complemented by a separate W/C for convenience. Moving upstairs, you'll discover a spacious lounge that invites relaxation and entertainment, as well as a bright principal bedroom outfitted with fitted wardrobes. The two additional bedrooms on the second floor are generously sized and hold promise for creating inviting living spaces, along with a family bathroom that can be updated according to taste. Outside, the property includes off-street parking and a private rear garden, ideal for outdoor activities. Its proximity to reputable primary schools and The Galleries Shopping Centre enhances its appeal, while excellent transport links make commuting across the North East straightforward.

Investment Analysis

(NE37 area)

Below Market Value

This property is priced -33.2% below area average per sq ft

-33.2%
Potential saving
This Property
£105/sq ft
Area Average
£157/sq ft
Avg Rent (weekly)
£154
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£197,553
10% above area average per sq ft
Potential ROI
+16.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (NE37)

Area prices are rising by +8.6% over the last 12 months
3 year growth: +31.2%
5 year growth: +15.5%
Investment Disclaimer: Analysis based on NE37 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

Ashgill, Washington, Tyne and Wear, NE37
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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
£428
Based on a loan of £90,000 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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