Greenfield Terrace, Gateshead, NE10
North East
£39,999Guide Price
Listed on 24/10/2026
Listed on 24/10/2026
The listing
Property details
Bedrooms
3Type
FlatFeatures
- Parking
Description
Offered at auction, this three-bedroom flat in Pelaw is a substantial modernisation project, with period details including decorative fireplaces and original-style features. The reception room has a large window and fireplace, while the three bedrooms are described as generously sized and naturally lit. The kitchen and bathroom both require full modernisation.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
47out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial period-character project: the reception has a fireplace and large window, and the flat is described as having generous windows and good natural light. The dated finishes across the photographed rooms give a buyer scope to reshape the interiors, including modernising the kitchen and bathroom while retaining the character. There is also a small enclosed paved area to the rear, and the visible frontage and roof appear generally intact.
Key opportunities
- Rework the dated interiors across the flat, updating the kitchen and bathroom and refreshing finishes and flooring.
- Build on the reception room’s period fireplace and large window to create a characterful living space.
- Make practical use of the enclosed rear paved area for storage or utility purposes.
Key risks
- The missing and stained ceiling section in a bedroom needs investigation to establish the cause and repair scope.
- Dated finishes throughout the photographed rooms, damaged kitchen cabinetry and a £35,000–£65,000 works range make this a full-gut budget and programme, not a cosmetic refresh.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£151
Based on a loan of £29,999 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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