The Ridgeway, South Shields
North East
£124,500
Listed on 14/10/2026
Listed on 14/10/2026
The listing
Property details
Bedrooms
3Type
End Of TerraceArea
710 sqftFeatures
- Garden
- Parking
Description
This three-bedroom home is offered with no onward chain and has scope for updating. The ground floor includes an entrance hall with under-stairs storage, a lounge with French doors to the rear garden, and a front-facing fitted kitchen. Upstairs are two double bedrooms, a single bedroom and a family bathroom with a three-piece suite and shower over the bath.
A block-paved driveway provides off-street parking for several vehicles, with gated side access to the enclosed rear garden. The garden has a decked seating area, lawn and paved patio. Local shops, schools, transport links and other amenities are within reach. The property may suit buyers looking to refurbish and make changes to their own requirements.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
44out of 100
Grade ELow opportunity
Confidence: MEDIUM
At £124,500, this three-bedroom home is priced below the local £/sqf average, giving a buyer a cheaper entry point and a substantial block-paved driveway, plus an enclosed garden with existing deck, lawn and patio. The photographed interiors offer a clear canvas: worn floors and marked walls can be renewed, while the visibly damaged kitchen and unfinished area beneath the bath give scope to rework the main living spaces; the garden also has room for a proper clear-out and landscaping.
The main constraint is the project maths. With the £45,000–£75,000 renovation range, the purchase price plus works comes to roughly £169,500–£199,500, which is stretched against the local average benchmark for this floor area. That comparison is with current local average value, not a forecast of the value after renovation, so the low asking price alone does not make the overall opportunity compelling.
Key opportunities
- Use the worn floors and patchy wall finishes as a chance to give the photographed living spaces a consistent, refreshed finish.
- The existing fitted kitchen and three-piece bathroom provide a basis for a planned upgrade, with visible damage and unfinished areas to address.
- The multiple-car block-paved driveway and enclosed garden with deck, lawn and patio offer practical outdoor assets to retain and improve.
Key risks
- Stripped and worn interiors, exposed floorboards, damaged kitchen and bathroom finishes, and garden debris make this a substantial £45,000–£75,000 programme rather than a cosmetic refresh.
- At the £124,500 asking price, adding the stated renovation range puts purchase-plus-works costs above the local average benchmark for this floor area, before fees; that benchmark is not a post-works value forecast.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£470
Based on a loan of £93,375 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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