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Hyde Terrace, Gosforth

North East

£165,000

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
Apartment

Description

This two-bedroom ground floor flat offers an exciting renovation opportunity in the sought-after area of Gosforth. Located on Hyde Terrace, this property is within easy reach of the vibrant Gosforth High Street, filled with a variety of dining options, pubs, shops, and local parks. Commuters will appreciate the close proximity to both South Gosforth and Regent Centre Metro stations, as well as convenient bus services and excellent road connections for travel into the City Centre and beyond. While the flat requires modernisation and some remedial work, it presents a blank canvas ideal for those looking to enhance value or create a personalized living space. The accommodation includes an entrance hallway leading into a spacious front double bedroom featuring a bay window and an original cast-iron fireplace. The lounge boasts a wood-burning stove, perfect for creating a cozy atmosphere. The kitchen and bathroom are functional but would benefit from updates, along with the rear bedroom. Externally, there's a small front yard along with an enclosed rear yard for outdoor activities. This property truly represents an excellent chance for investors or first-time buyers to make their mark in a desirable location. Viewings are strongly encouraged to appreciate the potential on offer.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Hyde Terrace, 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
£623
Based on a loan of £123,750 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.

Stamp Duty Calculator

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