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Hastings Street, Cramlington

North East

£75,000Guide Price

Listed on 15/07/2026

Property details

Bedrooms
2
Type
Bungalow

Description

This two-bedroom terraced bungalow presents a unique chance for those seeking to create their ideal home in a desirable area of Cramlington. While the property requires modernisation, it already features a contemporary kitchen and spacious living areas that serve as a solid base for further improvements. Notably, the converted loft room adds versatility, making it suitable for various uses such as an office or additional accommodation, subject to necessary approvals. Outside, the property includes a rear yard with off-street parking, enhancing its practicality. With its generous layout and potential for renovation, this bungalow is appealing not only to first-time buyers and downsizers but also to investors looking to add value in an attractive residential neighbourhood. Offered at auction, this opportunity encourages prospective owners to explore the extensive possibilities available.

Investment analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

Hastings Street, Cramlington
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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
£283
Based on a loan of £56,250 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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