Worst House on the Street Logo
Lisle Street, WALLSEND - Image 1
Lisle Street, WALLSEND - Image 2
Lisle Street, WALLSEND - Image 3

Lisle Street, WALLSEND

North East

57

£48,000Guide Price

Listed on 09/09/2026

The listing

Property details

Bedrooms
2
Type
Apartment

Description

This two-bedroom ground floor flat in Wallsend offers significant renovation potential, making it an ideal project for investors or first-time buyers looking to create a personalized living space. The property is situated in a residential area, conveniently located near local shops and amenities. With easy access to the Coast Road (A1058) and the A19, commuting to surrounding areas is straightforward. The flat requires refurbishment throughout and will be sold as seen. Once updated, it could serve as an excellent buy-to-let investment due to its desirable location, close to the main shopping area and a short drive from the metro station and Tyne Tunnel. The accommodation comprises an entrance hall, lounge, conservatory, kitchen area (without units), bathroom, and separate WC. Additionally, there is a rear garden area that presents further enhancement opportunities. Offered at auction on 15th October 2026, prospective buyers are encouraged to register early and review the legal pack for more information. This property provides a blank canvas for those willing to invest time and resources into refurbishment.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

57out of 100
Grade DWeak opportunity

Confidence: LOW

This two-bedroom ground floor flat in Wallsend presents a significant renovation opportunity for those looking to invest in a project. With a guide price of just £48,000, which is notably below the local average sale price, this property offers a cheap entry point into the market. However, the flat requires extensive refurbishment throughout, including the kitchen which lacks units and shows visible damage, and the bathroom where fixtures are worn and damaged. The living areas and bedrooms are cluttered and have significant damage, indicating a heavy renovation scale.

While the need for a full gutting of the interiors may seem daunting, this project allows for a complete reimagining of the space, offering the chance to create a modern, appealing living environment. The location is advantageous, being close to local shops and amenities and offering good access to transport links, making it a potentially lucrative buy-to-let investment once refurbished.

Key opportunities

  • Transform the cluttered and damaged interiors into a modern living space, enhancing layout and character.
  • Convert the overgrown garden into an attractive outdoor area, increasing the property's appeal.
  • Create a desirable buy-to-let investment in a location with good access to local amenities and transport links.

Key risks

  • Stripped interiors and a £50,000–£100,000 works budget make this a full-gut programme, not a refresh.
  • Visible damage and clutter throughout could lead to unforeseen challenges during renovation.
  • Worn fixtures in the kitchen and bathroom indicate that significant investments will be necessary to bring these areas up to standard.

Unlock the full analysis

Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.

Sign up free

Already have an account? Sign in

Interested in similar properties?

Create an alert and we'll notify you when similar renovation opportunities are listed.

Sign in to create alert

Map

Location

Lisle Street, WALLSEND
Loading map...
Open map

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£181
Based on a loan of £36,000 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Services

Next steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Build Faster. Save Up to 30%.
Sponsored

Build Faster. Save Up to 30%.

Build your home quicker, cheaper and more efficiently with our innovative, sustainable construction system.

Learn more
Ecobrix

Nearby

Similar properties

Other listings you may want to compare.

View property at 662 Durham Road, Gateshead, Tyne and Wear, NE9 6JA

662 Durham Road, Gateshead, Tyne and Wear, NE9 6JA

£50,000
North East
View property at Derwent Terrace, Burnopfield, NE16

Derwent Terrace, Burnopfield, NE16

£70,000
North East