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The Firs, Gosforth

North East

£265,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom property, spread over three floors, is situated in the desirable area of Gosforth and presents a prime opportunity for renovation. The home is conveniently located just off Salters Road, allowing easy access to the vibrant Gosforth High Street with its diverse selection of independent cafés, restaurants, and shops. The current layout offers spacious living areas but would benefit from modern updates, making it an ideal project for investors or families looking to create their dream home. Comprising a ground floor with garage access, a hallway, a W/C, a utility room, and an office/sunroom that opens into the garden. The first floor features a bright lounge with French doors leading to a Juliet balcony, alongside a kitchen and dining room. On the second floor, you'll find two double bedrooms, one single bedroom, and a contemporary bathroom. Externally, there is a private rear garden and driveway access to the garage. Given its location and potential for enhancement through modernization, this property holds substantial promise for both rental return and long-term value growth.

Investment Analysis

(NE3 area)
Area Average
£250/sq ft
Avg Rent (weekly)
£244
Avg Yield
5.2%

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
52
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (NE3)

Area prices are falling by -2.7% over the last 12 months
3 year growth: +14.7%
5 year growth: +9.9%
Investment Disclaimer: Analysis based on NE3 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

The Firs, Gosforth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,001
Based on a loan of £198,750 over 30 years at 4.45% 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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