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Craghall Dene, Newcastle Upon Tyne, Tyne And Wear NE3

North East

£150,000

Listed on 16/05/2026

Property Details

Bedrooms
2
Type
Flat

Description

This two-bedroom Tyneside flat, located in the desirable South Gosforth area, presents an excellent investment opportunity for those looking to create a personalized living space. The property features a classic layout that provides ample room for modern upgrades and renovations. Upon entry, you're greeted by a hallway linking all main rooms, including a front-facing bedroom with a bay window that invites plenty of natural light and a second quieter bedroom at the rear. The centrally positioned living room serves as the focal point of the home and connects directly to the functional kitchen, which is ripe for transformation into a contemporary culinary space. A bathroom adjacent to the kitchen also offers potential for upgrading according to your taste. Additional storage solutions can be found in the hallway cupboard, enhancing practicality. The flat benefits from its location near local amenities, public transport options, and green spaces, making it an attractive option for both first-time buyers and investors looking to capitalize on property value appreciation in this sought-after neighbourhood. With some degree of renovation work necessary, this property allows buyers to leave their unique mark while enjoying all that South Gosforth has to offer.

Investment Analysis

(NE3 area)
Area Average
£250/sq ft
Avg Rent (weekly)
£241
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (NE3)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +16.4%
5 year growth: +9.7%
Investment Disclaimer: Analysis based on NE3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Craghall Dene, Newcastle Upon Tyne, Tyne And Wear NE3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£535
Based on a loan of £112,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-6.3% since listed
£150,000£10,000(-6.3%)
19/03/2025
Current price
£160,000Initial listing
25/01/2025

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