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Westmorland Street, Wallsend

North East

£50,000

Listed on 14/07/2026

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom upper flat on Westmorland Street presents an excellent opportunity for investors and DIY enthusiasts. Its proximity to local amenities, including shops, restaurants, and transport links like the Wallsend Metro station, enhances its appeal for potential tenants or as a personal residence. While the property is currently in need of renovation, it offers significant investment potential. The layout includes a hallway with storage, a lounge, kitchen with access to a rear yard, shower room, separate WC, and a bedroom. The external area provides on-street parking and a private rear yard. This flat is competitively priced and comes with no upper chain, making it a timely project for those looking to add value through refurbishment.

Investment analysis

(NE28 area)
Area Average
£183/sq ft
Avg Rent (weekly)
£177
Avg Yield
5.2%

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
32
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NE28)

Area prices are falling by -4.8% over the last 12 months
3 year growth: +8.8%
5 year growth: +16.0%
Investment Disclaimer: Analysis based on NE28 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

Westmorland Street, Wallsend
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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
£189
Based on a loan of £37,500 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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