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Parkgate Lane, Winlaton NE21 - Image 1
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Parkgate Lane, Winlaton NE21

North East

£119,950
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
971 sqft

Description

This three-bedroom semi-detached house, located in a desirable area of Winlaton, presents a promising opportunity for renovation enthusiasts or investors. The layout comprises an entrance hallway, a lounge featuring an electric fireplace and views of the front garden, a dining room with access to the kitchen, and essential storage spaces on the ground floor. Upstairs, the three bedrooms include built-in storage solutions, complemented by a separate W/C and a bathroom equipped with basic fixtures. Outside, enjoy the benefits of off-street parking and a manageable rear garden perfect for entertainment. While this property requires updating throughout, it holds significant potential to be transformed into a comfortable family home close to local schools and amenities. Viewing is encouraged for those seeking a project.

Investment Analysis

(NE21 area)

Below Market Value

This property is priced -30.7% below area average per sq ft

-30.7%
Potential saving
This Property
£124/sq ft
Area Average
£178/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£190,442
10% above area average per sq ft
Potential ROI
+22.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (NE21)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -4.2%
5 year growth: +11.9%
Investment Disclaimer: Analysis based on NE21 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

Parkgate Lane, Winlaton NE21
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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
£433
Based on a loan of £89,962 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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