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Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 1
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 2
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 3
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 4
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 5
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 6
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 7
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 8
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 9
Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ - Image 10

Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ

North East

£250,000

Listed on 24/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1051 sqft

Description

This three-bedroom terrace property in the vibrant Heaton area presents a valuable renovation opportunity for investors or homeowners looking to create a personalized living space. The layout includes an entrance hall that leads to a lounge with a charming walk-in bay window, a separate dining room, and a kitchen equipped with base and wall units, which could benefit from modern updates. Upstairs, you'll find three bedrooms and a bathroom/WC, all of which may require refurbishment to meet contemporary standards. Externally, the property features a front garden and a rear yard providing access to the lane behind, enhancing its practicality. Located near essential amenities, quality schools, and Chillingham Road Metro Station, this property is well-positioned for potential growth. It offers the right buyer an excellent chance to invest in an area with strong community ties and transport links to Newcastle City Centre and beyond.

Investment Analysis

(NE6 area)

Above Market Value

This property is priced +19.5% above area average per sq ft

+19.5%
This Property
£238/sq ft
Area Average
£199/sq ft
Avg Rent (weekly)
£298
Avg Yield
8.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£230,180
10% above area average per sq ft
Potential ROI
-20.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (NE6)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +15.8%
5 year growth: +27.3%
Investment Disclaimer: Analysis based on NE6 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

Meldon Terrace, Heaton, Newcastle upon Tyne, Tyne and Wear, NE6 5XQ
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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
£944
Based on a loan of £187,500 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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