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Grey Avenue, Cramlington

North East

£139,950

Listed on 29/06/2026

Property details

Bedrooms
2
Type
Semi Detached

Description

This semi-detached house, featuring two spacious double bedrooms, presents an excellent opportunity for renovation in the desirable Southfield Green area of Cramlington. Located adjacent to Alexandra Park, the property benefits from a tranquil setting while being close to essential local amenities. Offered with no upper chain, this home is ideal for first-time buyers, investors, or those seeking a rewarding project. The property comes with a garage and driveway, enhancing its appeal with practical off-street parking solutions. While the interiors require modernization, including updates to the kitchen and bathroom, this allows new owners to design and personalize the space according to their preferences. The layout is functional with ample living space comprising a generous lounge/dining room that facilitates comfortable living and entertaining. Outside, both front and rear gardens offer potential for landscaping improvements or garden enhancements that would increase property value. The location within a popular residential estate known for its family-oriented environment further augments long-term investment potential. With good transport links to Newcastle and surrounding areas, this property not only offers immediate living comfort but also serves as an exciting canvas for future enhancements.

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Investment analysis

(NE23 area)
Area Average
£211/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.7%

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
37
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NE23)

Area prices are falling by -4.9% over the last 12 months
3 year growth: +0.9%
5 year growth: +7.4%
Investment Disclaimer: Analysis based on NE23 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

Grey Avenue, Cramlington
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Mortgage calculator

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £104,962 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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