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23 Richmond Grove, North Shields, Tyne And Wear, NE29 7QZ - Image 1
23 Richmond Grove, North Shields, Tyne And Wear, NE29 7QZ - Image 2
23 Richmond Grove, North Shields, Tyne And Wear, NE29 7QZ - Image 3

23 Richmond Grove, North Shields, Tyne And Wear, NE29 7QZ

North East

£60,000

Listed on 15/09/2026

The listing

Property details

Bedrooms
2
Type
End Of Terrace

Description

This two-bedroom semi-detached house presents a unique opportunity for renovation and investment. Located in a convenient area of North Shields, the property features front and rear gardens, offering potential for outdoor enhancements. While the interior requires modernisation, it provides a blank canvas for those looking to create their ideal living space. There is also potential for extension, subject to obtaining the necessary consents. The property is currently vacant, making it an ideal prospect for immediate refurbishment or rental. With local amenities and public transport links nearby, this property is well-positioned for both personal and investment use.

WHOTS analysis

Our WHOTS verdict

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

58out of 100
Grade DWeak opportunity

Confidence: LOW

This two-bedroom semi-detached house presents a solid renovation project in a good North Shields location, with an asking price of £60,000 that is significantly below the local average of £186,514. While the property is in need of extensive refurbishment, including dated interiors and a garden that requires landscaping, this offers a blank canvas for someone looking to create value through modernization. The potential for an extension, subject to permissions, adds further appeal for future growth.

The living space and bedrooms show signs of wear, with flooring and wall updates necessary, and the kitchen will require a complete overhaul. The exterior is generally in decent shape but does need some maintenance. This home provides a unique opportunity for buyers who are willing to invest time and resources into transforming it into a modern residence. However, be aware that the project will demand a full-gut renovation approach, which includes managing a comprehensive works budget.

Key opportunities

  • The property offers the chance to fully modernise its interiors, creating a fresh and contemporary living space.
  • With front and rear gardens, there’s potential to enhance outdoor areas for leisure and aesthetics.
  • Possibility for extension provides flexibility for future expansion and increased value.

Key risks

  • Stripped interiors and a £40,000–£80,000 works budget make this a full-gut programme, not a refresh.
  • Dated kitchen and significant wear throughout indicate extensive refurbishment is required.

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Map

Location

23 Richmond Grove, North Shields, Tyne And Wear, NE29 7QZ
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Finance

Mortgage calculator

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

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£227
Based on a loan of £45,000 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.

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