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Summerhill Drive, Waterhayes, Newcastle ST5

West Midlands

£92,000

Listed on 04/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
517 sqft

Description

This two-bedroom townhouse is situated in the desirable Waterhayes development, known for its accessibility to local amenities, including a nearby Co-op store. While the property offers a solid foundation, it requires significant updates to unlock its full potential. The ground floor features an entrance lobby leading into a kitchen equipped with essential units and appliances, along with a lounge area that boasts a gas fire and staircase access to the upper level. The first-floor hosts a landing area with loft access, alongside two bedrooms—one with built-in storage and another with ample natural light—and a bathroom featuring a traditional three-piece suite. Externally, the property benefits from two off-road parking spaces and an open-plan garden approach. With an EPC Rating of E, there is considerable opportunity for improvement through refurbishment that could enhance both comfort and energy efficiency.

Investment Analysis

(ST5 area)

Below Market Value

This property is priced -22.9% below area average per sq ft

-22.9%
Potential saving
This Property
£178/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£131,313
10% above area average per sq ft
Potential ROI
+12.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ST5)

Area prices are stable by -0.1% over the last 12 months
3 year growth: +13.4%
5 year growth: +32.9%
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

Summerhill Drive, Waterhayes, Newcastle ST5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£348
Based on a loan of £69,000 over 30 years at 4.45% 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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