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Mafeking Street, Gateshead NE9 - Image 1
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Mafeking Street, Gateshead NE9

North East

£140,000
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
End Terrace
Area
1349 sqft

Description

This spacious end terrace property is being sold with no upward chain and presents a solid investment opportunity for those seeking a renovation project. While it currently requires modernisation, the property is equipped with gas central heating and UPVC double glazing, providing a good starting point for improvements. The ample rear garden adds potential for outdoor enhancements or landscaping. Located just off Old Durham Road, residents will find themselves within easy reach of Low Fell centre, where local shops, cafes, and essential amenities are readily accessible. Public transportation options further enhance connectivity to Newcastle and Gateshead, making this an appealing location for future tenants or buyers. The layout includes an entrance hall leading to a lounge and dining room on the ground floor, along with a functional kitchen that offers access to the rear garden. Upstairs hosts three bedrooms, including one with an en-suite bathroom, as well as a central bathroom accommodating the other rooms. This property’s configuration provides flexibility for reconfiguration or upgrading as needed.

Investment Analysis

(NE9 area)

Below Market Value

This property is priced -47.8% below area average per sq ft

-47.8%
Potential saving
This Property
£104/sq ft
Area Average
£199/sq ft
Avg Rent (weekly)
£192
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£294,999
10% above area average per sq ft
Potential ROI
+78.8%
After renovation
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
65%
Properties sold annually

Local Market Trend (NE9)

Area prices are rising by +3.9% over the last 12 months
3 year growth: +3.2%
5 year growth: +10.8%
Investment Disclaimer: Analysis based on NE9 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

Mafeking Street, Gateshead NE9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£505
Based on a loan of £105,000 over 30 years at 4.06% 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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