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Cavendish Place, Newcastle upon Tyne, NE2

North East

£375,000

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1512 sqft

Description

This three-bedroom period property in the desirable Jesmond area offers significant renovation potential. With vacant possession, it provides an exciting opportunity for investors or those looking to create their perfect family home. The property's prime location means you're just a short walk from local shops and cafes on Acorn Road and the amenities available on Osborne Road, including bars, restaurants, and Waitrose. Jesmond Dene's expansive parkland is also nearby, adding to the area's appeal. The accommodation features an entrance porch leading into a hallway that connects to a spacious living room showcasing a bay window and original feature fireplace. This opens up to a second reception room, with a separate dining room and kitchen completing the ground floor layout. The first floor boasts a generous master bedroom highlighted by an original fireplace and three sash windows that flood the space with natural light—potential exists to split this room into two. There are also two additional bedrooms (one suitable for a double bed) along with a family bathroom and separate w/c. Externally, there is a small front town garden and on-street parking options, while the rear includes a private enclosed garden featuring block paving and an electric roller shutter door for off-road parking if needed. Although the property retains many character features such as high ceilings and ornate coving, it requires full modernisation throughout, making it ideal for those wanting to add personal touches or increase value through renovation.

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Investment analysis

(NE2 area)

Below Market Value

This property is priced -11.7% below area average per sq ft

-11.7%
Potential saving
This Property
£248/sq ft
Area Average
£281/sq ft
Avg Rent (weekly)
£338
Avg Yield
6.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£466,943
10% above area average per sq ft
Potential ROI
+2.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NE2)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -4.6%
5 year growth: +7.9%
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

Cavendish Place, Newcastle upon Tyne, 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
£1,417
Based on a loan of £281,250 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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