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Melrose Avenue, Newcastle ST5 - Image 1
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Melrose Avenue, Newcastle ST5

West Midlands

£430,000
Listed on 06/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1610 sqft

Description

This spacious detached family residence presents a promising opportunity for renovation and expansion, ideally situated in a respected neighborhood of the West Midlands. The current layout offers a solid foundation, with an entrance porch leading into a hallway that connects various living areas. The front lounge is filled with natural light, serving as a cozy retreat for family gatherings. At the heart of the home is the fitted kitchen, which flows seamlessly into the conservatory and out to the private rear garden—an excellent setup for entertaining and enjoying outdoor living. Adjacent to the kitchen, a versatile family room can adapt to your needs as a playroom, office, or even an extra guest bedroom. The practical design includes an inner hall that leads to essential utility space, a ground floor W.C./shower room, and access to the garage—keeping everyday tasks organized and out of sight. On the upper level, three well-sized bedrooms offer flexibility for families or remote working arrangements. A family bathroom serves this floor efficiently. The outdoor space is particularly noteworthy; while featuring off-road parking with a garage at the front, the sizeable rear garden boasts privacy and ample room for outdoor activities or further development. An existing outbuilding provides additional storage or workshop potential. With previous planning permission granted for extension (subject to terms), this property is ripe for enhancement, poised to accommodate growing needs while being conveniently located near amenities, schools (subject to confirmation), and transport links.

Investment Analysis

(ST5 area)

Above Market Value

This property is priced +16.7% above area average per sq ft

+16.7%
This Property
£267/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£405,205
10% above area average per sq ft
Potential ROI
-15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
74
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ST5)

Area prices are stable by -0.7% over the last 12 months
3 year growth: +11.4%
5 year growth: +26.8%
Investment Disclaimer: Analysis based on ST5 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

Melrose Avenue, Newcastle ST5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,523
Based on a loan of £322,500 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.

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