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Northcott Gardens, Cramlington NE23 - Image 1
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Northcott Gardens, Cramlington NE23

North East

£45,000
Listed on 29/04/2026

Property Details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat in Seghill presents a promising opportunity for investors or those looking to create a personalized living space. The property is currently in need of renovation and is being offered in its present condition, inviting buyers who are eager to undertake a project that has significant potential for enhancement. Internally, the layout features a double bedroom, a reception room, a kitchen, and a bathroom, all of which could be transformed with thoughtful updates. Located within a residential area, the flat benefits from close proximity to local amenities such as shops and cafes. Excellent public transport links nearby ensure convenient access to surrounding towns, while Seghill Village Park offers green spaces for outdoor activities just a short walk away. The property is leasehold with favorable terms, making it an appealing option for future homeowners or landlords seeking to enter the rental market. Before proceeding with any renovation plans, potential buyers should verify details related to tenure and associated costs with their legal advisor.

Investment Analysis

(NE23 area)
Area Average
£212/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (NE23)

Area prices are falling by -7.2% over the last 12 months
3 year growth: +1.7%
5 year growth: +6.7%
Investment Disclaimer: Analysis based on NE23 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

Northcott Gardens, Cramlington NE23
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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
£161
Based on a loan of £33,750 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

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