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Redwell Road, Prudhoe NE42 - Image 1
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Redwell Road, Prudhoe NE42

North East

£120,000
Listed on 01/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
962 sqft

Description

This three-bedroom home presents a unique opportunity for those looking to invest in a property with significant renovation potential. Situated on an elevated plot, the property boasts a south-facing rear garden that offers multiple levels of outdoor space, ideal for landscaping or gardening enthusiasts. While the home has been well-maintained, it does require modernization to meet contemporary living standards. The gas central heating system was updated approximately eight years ago, and there are double-glazed windows throughout. A particularly exciting feature is the kitchen, which has the potential to be expanded—a renovation that could dramatically enhance the heart of the home. Upon entering, you'll find an entrance hallway that leads to a formal lounge equipped with a retro electric fireplace, creating a cozy atmosphere. Adjacent is a second reception room with a vintage gas fire, perfect for casual gatherings or relaxing after a long day. The kitchen connects easily to an outbuilding that includes utility space with plumbing for laundry and an additional WC—further possibilities exist here for expansion or conversion. The first floor consists of three bedrooms offering ample natural light, along with a modern bathroom. Externally, the property features on-street parking and generous front and rear gardens, complemented by a side garden that adds versatility to the outdoor space. With no upper chain involved in the purchase process, this home is ready for new owners eager to stamp their personal style on it while reaping the benefits of increased value through thoughtful renovations. Whether you are considering it as your own residence or as an investment project, this property offers great potential in a desirable location.

Investment Analysis

(NE42 area)

Below Market Value

This property is priced -33.6% below area average per sq ft

-33.6%
Potential saving
This Property
£125/sq ft
Area Average
£188/sq ft

Renovation Potential

Est. Renovation Cost
£12,000 - £30,000
10-25% of property value
Target Value
£198,730
10% above area average per sq ft
Potential ROI
+32.5%
After renovation
Monthly Sales
7
Average per month
Market Turnover
47%
Properties sold annually

Local Market Trend (NE42)

Area prices are falling by +11.5% over the last 12 months
3 year growth: -10.8%
5 year growth: -2.8%
Investment Disclaimer: Analysis based on NE42 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

Redwell Road, Prudhoe NE42
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