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Northumberland Road, Lemington, Newcastle Upon Tyne, Tyne & Wear NE15 - Image 1
Northumberland Road, Lemington, Newcastle Upon Tyne, Tyne & Wear NE15 - Image 2
Northumberland Road, Lemington, Newcastle Upon Tyne, Tyne & Wear NE15 - Image 3

Northumberland Road, Lemington, Newcastle Upon Tyne, Tyne & Wear NE15

North East

£145,000
Listed on 11/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This early 1900s mid-terraced property, formerly a director's residence for Spencer Steelworks, showcases a blend of historical charm and modern functionality. With its grand hallway adorned with Karndean inlaid flooring and a lounge/diner featuring remarkable 16th-century Italian frescos, the home presents a distinguished character. The contemporary kitchen, fitted two years ago, offers high-gloss cabinets and Silestone worktops, while the upstairs includes a spacious principal bedroom that could be reverted back to two rooms if desired. The current layout also features a large four-piece bathroom with both a jacuzzi bath and rainfall shower. Importantly, the attic space provides significant renovation potential for an extra bedroom or en-suite (subject to planning permissions). Although some areas like the WC are under construction and require completion by the new owner, this property represents an excellent investment opportunity for those looking to enhance its footprint while retaining its unique historical elements.

Investment Analysis

(NE15 area)
Area Average
£195/sq ft
Avg Rent (weekly)
£221
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NE15)

Area prices are rising by +9.3% over the last 12 months
3 year growth: 1.3%
5 year growth: 19.7%
Investment Disclaimer: Analysis based on NE15 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

Northumberland Road, Lemington, Newcastle Upon Tyne, Tyne & Wear NE15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£531
Based on a loan of £108,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE