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Springfield, North Shields, North Shields, NE29

North East

£189,950

Listed on 03/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
1184 sqft

Description

This two-bedroom terraced property on Springfield in North Shields presents a valuable opportunity for renovation enthusiasts and investors. With a comprehensive modernization required throughout, it serves as a blank canvas ready for transformation aimed at elevating its value significantly. The ground floor features an entrance hallway, a spacious lounge, and a separate dining room with an open fireplace, alongside a kitchen that opens to an enclosed rear yard. Upstairs, the layout includes two spacious double bedrooms, a bathroom, and a separate WC, plus ladder access to a large attic room that provides excellent storage options or future conversion possibilities (subject to necessary permissions). Externally, the low-maintenance yard offers practicality. Located in a well-connected residential area close to amenities, schools, and transport links, this home is ideally situated for both families and investors alike.

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Investment analysis

(NE29 area)

Below Market Value

This property is priced -22.2% below area average per sq ft

-22.2%
Potential saving
This Property
£160/sq ft
Area Average
£206/sq ft
Avg Rent (weekly)
£178
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£268,425
10% above area average per sq ft
Potential ROI
+11.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE29)

Area prices are rising by +4.1% over the last 12 months
3 year growth: +9.5%
5 year growth: +35.9%
Investment Disclaimer: Analysis based on NE29 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

Springfield, North Shields, North Shields, NE29
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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
£718
Based on a loan of £142,462 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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