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Ovington Grove, Fenham, Newcastle Upon Tyne NE5 - Image 1
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Ovington Grove, Fenham, Newcastle Upon Tyne NE5

North East

£175,000
Listed on 11/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached house in Fenham presents a noteworthy opportunity for renovation and investment. While the property is currently in need of modernization, it offers a solid foundation for those looking to create a comfortable family home or pursue rental opportunities. The layout includes a welcoming hallway that leads to various ground floor rooms. The spacious lounge features a double-glazed bay window, filling the space with natural light. Adjacent to the lounge is a dining room that connects seamlessly to a conservatory, providing potential for an open-plan living area if desired. The kitchen, though compact, includes practical fittings such as a gas cooker and plumbing for a washing machine, making it functional while also presenting ample scope for updates. On the first floor, you will find three bedrooms along with a bathroom and separate WC. Each bedroom benefits from double-glazing, ensuring warmth and quiet throughout the seasons. The larger bedrooms are well-proportioned and could be reimagined into personalized spaces tailored to modern living standards. Externally, the property boasts front and rear gardens as well as a garage and driveway—features that add significant appeal for future occupants. The garden spaces offer potential for landscaping or expansion, inviting creativity to enhance outdoor living. Located conveniently near public transport routes leading directly into Newcastle city centre and access points to major roadways like the A1 and A69, this home is ideally positioned for commuters or those looking to enjoy urban amenities while residing in a quieter neighborhood. Given its renovation needs and strategic location, this property stands out as an attractive investment opportunity with possibilities for increased value upon completion of updates. Viewing is encouraged to fully appreciate its potential. Additionally, it is important to note that this freehold property does not have any known restrictions or safety risks such as flooding or structural issues. All utilities are connected and accessible, making this house ready for the right vision to transform it into something special.

Investment Analysis

(NE5 area)
Area Average
£183/sq ft
Avg Rent (weekly)
£207
Avg Yield
6.9%

Renovation Potential

Est. Renovation Cost
£17,500 - £43,750
10-25% of property value
Monthly Sales
30
Average per month
Market Turnover
64%
Properties sold annually

Local Market Trend (NE5)

Area prices are rising by +6.4% over the last 12 months
3 year growth: 4.0%
5 year growth: 22.0%
Investment Disclaimer: Analysis based on NE5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Ovington Grove, Fenham, Newcastle Upon Tyne NE5
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