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Station Road, Wallsend, NE28

North East

£40,000

Listed on 25/09/2026

The listing

Property details

Bedrooms
2
Type
Flat
Area
771 sqft

Description

Introducing a two-bedroom ground floor flat located on Station Road in Wallsend, this property presents an exciting renovation opportunity for buyers seeking to create a home tailored to their specifications. Encompassing approximately 771 square feet, the flat is set within a traditional red brick terrace, featuring a charming bay-fronted elevation. Upon entering, you are welcomed by an entrance vestibule leading into a hallway that provides access to various rooms and includes a useful storage cupboard. The principal bedroom, situated at the front, is the largest and boasts a bay window complemented by decorative cornicing and an ornate ceiling rose. The second bedroom, located off the hallway, benefits from a rear-facing window, making it versatile enough for use as a single bedroom, nursery, or home office. The spacious lounge at the rear of the flat offers a generous reception area, highlighted by a stone fireplace and built-in cupboards in the alcove. A door connects this space to the kitchen, which is equipped with base units, work surfaces, and a stainless steel sink, along with space for appliances and an external door leading to the rear. The bathroom, accessible from the kitchen, features a bath with a shower over, wash hand basin, and WC. With its original features and ample potential for improvement, this property is ideal for those looking to undertake a full renovation project in an established part of Wallsend.

WHOTS analysis

Our WHOTS verdict

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

56out of 100
Grade DWeak opportunity

Confidence: MEDIUM

This two-bedroom ground floor flat on Station Road, Wallsend presents an intriguing opportunity for those looking to take on a significant renovation project. With an asking price of £40,000, which is exceptionally low at £52/sqf compared to the local average of £183/sqf, buyers can acquire this property at a bargain rate. The flat, housed in a charming traditional red brick terrace, offers a generous space of approximately 771 sq ft, and the potential to restore its original features, such as decorative cornicing and a stone fireplace, adds to its appeal.

However, the condition of the property is poor, with visible damage and significant wear throughout, including outdated fittings in the kitchen and bathroom. This extensive renovation will require a budget estimated between £80,000 and £120,000, making it a full-gut programme rather than a simple refresh. The project allows for creative freedom in transforming the space into a modern home while preserving its character, but potential buyers should be prepared for the scale of work necessary to bring this flat back to life.

Key opportunities

  • The chance to restore original features, enhancing the property’s character.
  • Ample space to redesign the layout according to personal preferences.
  • The opportunity to modernize the interiors while maintaining the charm of a period home.

Key risks

  • Stripped interiors and a £80,000–£120,000 works budget make this a full-gut programme, not a refresh.

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Location

Station Road, Wallsend, NE28
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Finance

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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
£151
Based on a loan of £30,000 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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