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Reid Park Road, Jesmond, NE2

North East

£850,000

Listed on 19/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
2300 sqft

Description

This impressive period detached home offers a generous internal living space of nearly 2,300 Sq ft and is ripe for modernization. Featuring three reception rooms along with a garden room and four double bedrooms, this property presents an exciting opportunity for those looking to invest in a family home that they can truly make their own. Located in the desirable Jesmond area, this 1930s house sits on an elevated position with serene views of Jesmond Dene and St Mary’s Chapel ruins, creating a peaceful retreat despite being close to local shops and amenities. Having been owned by the same family for almost half a century, it has retained many original features including wood paneling, coving, and fireplaces throughout its spacious layout. The ground floor comprises an inviting central entrance hall leading to well-proportioned reception areas that flow into each other, creating flexible living spaces that could benefit from modern refurbishment. The first floor includes four good-sized bedrooms, providing potential for reconfiguration or expansion into a stunning master suite. The exterior boasts a large front garden and secluded mature rear gardens ideal for outdoor entertaining or further landscaping opportunities. Additionally, there is off-street parking and an integral garage offering further scope for potential enhancements. Given its location in one of Jesmond's most sought-after streets, this property is not just a family home but also represents a significant renovation project with great investment potential. Early viewings are recommended to explore the possibilities this property has to offer.

Investment Analysis

(NE2 area)

Above Market Value

This property is priced +32.8% above area average per sq ft

+32.8%
This Property
£370/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£357
Avg Yield
6.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£703,846
10% above area average per sq ft
Potential ROI
-24.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NE2)

Area prices are rising by +5.9% over the last 12 months
3 year growth: -4.7%
5 year growth: +9.3%
Investment Disclaimer: Analysis based on NE2 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

Reid Park Road, Jesmond, NE2
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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
£3,211
Based on a loan of £637,500 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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