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Holly Avenue, Wallsend NE28

North East

£95,000
Listed on 07/05/2026

Property Details

Bedrooms
5
Type
Block Of Flats
Area
1485 sqft

Description

This property comprises a pair of Tyneside flats located in Wallsend, available as a freehold purchase, presenting an excellent investment opportunity. With no upper chain, these flats are ready for prospective buyers looking to add value through renovation. Each flat features essential living spaces, including multiple bedrooms, lounges, kitchens, and bathrooms. The layout offers the potential for individual modernization, capitalizing on their spacious configurations and original features. A small front garden and shared rear yard enhance the external appeal. Given the current condition of the interiors, a refurbishment could significantly increase rental yield or resale value in this growing area. Viewing is encouraged to appreciate the full scope of possibilities.

Investment Analysis

(NE28 area)

Below Market Value

This property is priced -64.0% below area average per sq ft

-64.0%
Potential saving
This Property
£64/sq ft
Area Average
£178/sq ft
Avg Rent (weekly)
£175
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£290,355
10% above area average per sq ft
Potential ROI
+107.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NE28)

Area prices are falling by -5.5% over the last 12 months
3 year growth: +9.0%
5 year growth: +15.9%
Investment Disclaimer: Analysis based on NE28 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

Holly Avenue, Wallsend NE28
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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
£339
Based on a loan of £71,250 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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