Worst House on the Street Logo
Saltwell Road, Gateshead NE8 - Image 1
Saltwell Road, Gateshead NE8 - Image 2
Saltwell Road, Gateshead NE8 - Image 3

Saltwell Road, Gateshead NE8

North East

£140,000
Listed on 27/03/2026

Property Details

Bedrooms
5
Type
Maisonette
Area
1303 sqft

Description

This five-bedroom maisonette represents a promising project for cash buyers seeking to make their mark through refurbishment. While initial work has been undertaken, particularly in the kitchen area, substantial opportunity remains to customize and enhance the living spaces to fit personal tastes or investment goals. The property boasts a spacious two-storey layout that can be tailored into an expansive lounge, a dining area, and a modern kitchen, allowing for significant reconfiguration potential. With five bedrooms available, the home offers adaptability for family living or could be transformed into rental accommodation post-renovation. The existing bathroom is in need of modernisation, completing this versatile blank canvas. Situated conveniently on Saltwell Road, this maisonette enjoys proximity to Gateshead town centre with local amenities and transport links easily accessible, including Gateshead Interchange and routes into Newcastle city centre. Additionally, Saltwell Park is just a short walk away, providing green space and community facilities nearby.

Investment Analysis

(NE8 area)

Below Market Value

This property is priced -34.6% below area average per sq ft

-34.6%
Potential saving
This Property
£107/sq ft
Area Average
£164/sq ft
Avg Rent (weekly)
£206
Avg Yield
8.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£235,563
10% above area average per sq ft
Potential ROI
+24.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE8)

Area prices are stable by -0.4% over the last 12 months
3 year growth: +5.1%
5 year growth: +11.6%
Investment Disclaimer: Analysis based on NE8 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

Saltwell Road, Gateshead NE8
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£496
Based on a loan of £105,000 over 30 years at 3.91% 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.

Price History

+16.7% since listed
£140,000+£20,000(+16.7%)
13/12/2025
Current price
£120,000Initial listing
10/12/2025

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.