2 Bed Bungalow, Refurb/BRRR, Newcastle upon Tyne, NE3 4RY, £375,000





ValuationOvervalued
Sold Prices | £60.5K - £550K |
Sold Prices/m² | £1.1K/m² - £5.9K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £5.5K/m² |
Value Estimate | £145,037£145,037 |
| |
End Value (After Refurb) | £365,000£365,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £93,750£93,750 |
Stamp Duty & Legal Fees | £26,200£26,200 |
Refurb Costs | £26,136£26,136 |
Bridging Loan Interest | £9,844£9,844 |
Total Cash In | £157,680£157,680 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £365,000£365,000 |
Mortgage (After Refinance) | £273,750£273,750 |
Mortgage LTV | 75%75% |
Cash Left In | £157,680£157,680 |
Equity | £91,250£91,250 |
Rent Range | £650 - £1,300£650 - £1,300 |
Rent Estimate | £921 |
Running Costs/mo | £1,345£1,345 |
Cashflow/mo | £-424£-424 |
Cashflow/yr | £-5,086£-5,086 |
Gross Yield | 3%3% |
Local Sold Prices
50 sold prices from £60.5K to £550K, average is £137.5K. £1.1K/m² to £5.9K/m², average is £2.1K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£270K | 12/20 | 0.03 mi | 99, Montagu Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4SD | £3,803 | 71 | 2 | Semi-Detached House | |
£550K | 07/24 | 0.04 mi | 67, Briardene Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4RX | £5,851 | 94 | 2 | Bungalow | |
£320K | 06/23 | 0.32 mi | 6, Oakfield Terrace, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 4RQ | £3,338 | 96 | 2 | Terraced House | |
£133K | 03/24 | 0.34 mi | 8, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NS | £1,797 | 74 | 2 | Semi-Detached House | |
£108K | 12/20 | 0.39 mi | 5, Stormont Green, Newcastle Upon Tyne, Tyne And Wear NE3 4TD | £1,113 | 97 | 2 | Terraced House | |
£132K | 12/20 | 0.4 mi | 57, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NT | £1,833 | 72 | 2 | Semi-Detached House | |
£140K | 05/24 | 0.4 mi | 55, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NT | £1,944 | 72 | 2 | Semi-Detached House | |
£170K | 02/24 | 0.4 mi | 67, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NT | £2,402 | 71 | 2 | Semi-Detached House | |
£158K | 03/24 | 0.4 mi | 57, Kenton Crescent, Newcastle Upon Tyne, Tyne And Wear NE3 4NT | £2,194 | 72 | 2 | Semi-Detached House | |
£257K | 08/24 | 0.41 mi | 31, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ | £3,173 | 81 | 2 | House | |
£235K | 12/20 | 0.41 mi | 46, Lanesborough Court, Newcastle Upon Tyne, Tyne And Wear NE3 3BZ | £2,176 | 108 | 2 | Terraced House | |
£216.3K | 09/21 | 0.41 mi | 47, Eastwood Gardens, Newcastle Upon Tyne, Tyne And Wear NE3 3DP | - | - | 2 | Semi-Detached House | |
£275K | 10/23 | 0.42 mi | 32, Northfield Road, Newcastle Upon Tyne, Tyne And Wear NE3 3UN | - | - | 2 | Semi-Detached House | |
£122K | 11/21 | 0.42 mi | 3, Evesham Garth, Newcastle Upon Tyne, Tyne And Wear NE3 4TX | £1,743 | 70 | 2 | Terraced House | |
£125K | 03/23 | 0.44 mi | 7, Earsdon Road, Newcastle Upon Tyne, Tyne And Wear NE3 4TY | £1,485 | 84 | 2 | Terraced House | |
£92.5K | 11/20 | 0.46 mi | 3, High Meadows, Newcastle Upon Tyne, Tyne And Wear NE3 4PW | £2,151 | 43 | 2 | Terraced House | |
£110K | 08/21 | 0.5 mi | 21, Millfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4TA | - | - | 2 | Terraced House | |
£135K | 06/24 | 0.53 mi | 27, Burnfoot Way, Newcastle Upon Tyne, Tyne And Wear NE3 4TL | £1,709 | 79 | 2 | Terraced House | |
£132K | 10/23 | 0.57 mi | 55, Millfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4TB | £1,536 | 86 | 2 | Terraced House | |
£112K | 02/21 | 0.59 mi | 12, Dene Bank View, Newcastle Upon Tyne, Tyne And Wear NE3 4UL | £1,217 | 92 | 2 | Semi-Detached House | |
£131K | 03/21 | 0.61 mi | 6, Mary Agnes Street, Newcastle Upon Tyne, Tyne And Wear NE3 3XB | £1,871 | 70 | 2 | Terraced House | |
£132.5K | 03/21 | 0.61 mi | 36, Mary Agnes Street, Newcastle Upon Tyne, Tyne And Wear NE3 3XB | £2,935 | 45 | 2 | Terraced House | |
£120K | 12/20 | 0.61 mi | 18, Agnes Maria Street, Newcastle Upon Tyne, Tyne And Wear NE3 3XD | £1,622 | 74 | 2 | Terraced House | |
£149.9K | 07/23 | 0.61 mi | 4, Agnes Maria Street, Newcastle Upon Tyne, Tyne And Wear NE3 3XD | £2,054 | 73 | 2 | Terraced House | |
£150K | 07/24 | 0.62 mi | 17, Nelson Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3UU | £2,055 | 73 | 2 | Semi-Detached House | |
£158.3K | 09/23 | 0.62 mi | 20, Nelson Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3UU | £2,168 | 73 | 2 | Semi-Detached House | |
£243K | 05/23 | 0.62 mi | 108, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3UP | £3,000 | 81 | 2 | Terraced House | |
£280K | 11/23 | 0.62 mi | 120, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3UP | £3,415 | 82 | 2 | Terraced House | |
£270K | 08/21 | 0.62 mi | 128, Salters Road, Newcastle Upon Tyne, Tyne And Wear NE3 3UP | £2,477 | 109 | 2 | Terraced House | |
£246K | 03/24 | 0.62 mi | 126, Salters Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3UP | £2,836 | 87 | 2 | Terraced House | |
£135.3K | 10/21 | 0.63 mi | 20, Farnon Road, Newcastle Upon Tyne, Tyne And Wear NE3 3US | - | - | 2 | Semi-Detached House | |
£120K | 02/23 | 0.67 mi | 322, Kenton Road, Newcastle Upon Tyne, Tyne And Wear NE3 3XJ | £1,935 | 62 | 2 | Terraced House | |
£287K | 11/23 | 0.67 mi | 14, Jubilee Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 3UQ | £3,120 | 92 | 2 | Terraced House | |
£105K | 06/23 | 0.74 mi | 8, Cloverfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NJ | - | - | 2 | Semi-Detached House | |
£393.3K | 05/23 | 0.74 mi | 9, Gordon Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 4DH | - | - | 2 | Terraced House | |
£97.5K | 01/23 | 0.75 mi | 24, Cloverfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NJ | - | - | 2 | Semi-Detached House | |
£256K | 02/21 | 0.77 mi | 17, Causey Street, Newcastle Upon Tyne, Tyne And Wear NE3 4DJ | £2,667 | 96 | 2 | Terraced House | |
£137K | 05/24 | 0.78 mi | 1, Bellfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NQ | £2,108 | 65 | 2 | Semi-Detached House | |
£128K | 04/21 | 0.78 mi | 12, Bellfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NQ | £2,032 | 63 | 2 | Semi-Detached House | |
£125K | 03/23 | 0.78 mi | 11, Bellfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NQ | - | - | 2 | Semi-Detached House | |
£100K | 01/23 | 0.78 mi | 13, Beadnell Way, Newcastle Upon Tyne, Tyne And Wear NE3 3HB | - | - | 2 | Semi-Detached House | |
£336K | 10/23 | 0.82 mi | 153, Back High Street, Gosforth, Newcastle Upon Tyne, Tyne And Wear NE3 4ET | £3,527 | 95 | 2 | Terraced House | |
£145K | 11/23 | 0.83 mi | 6, Fallowfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NN | £1,986 | 73 | 2 | Semi-Detached House | |
£138K | 03/23 | 0.83 mi | 4, Fallowfield Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 3NN | £1,816 | 76 | 2 | Semi-Detached House | |
£60.5K | 10/23 | 0.83 mi | 10, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX | - | - | 2 | Terraced House | |
£75K | 09/21 | 0.83 mi | 32, Heathfield Crescent, Newcastle Upon Tyne, Tyne And Wear NE5 3EX | £1,230 | 61 | 2 | Semi-Detached House | |
£65K | 07/21 | 0.83 mi | 23, Murrayfield Road, Newcastle Upon Tyne, Tyne And Wear NE5 3EY | £1,121 | 58 | 2 | Terraced House | |
£355K | 09/22 | 0.84 mi | 3, Roseworth Avenue, Newcastle Upon Tyne, Tyne And Wear NE3 1NB | £3,287 | 108 | 2 | Detached House | |
£96K | 02/23 | 0.85 mi | 18, Whitgrave Road, Newcastle Upon Tyne, Tyne And Wear NE5 3XJ | - | - | 2 | Terraced House | |
£319K | 12/22 | 0.87 mi | 19, Regent Road, Newcastle Upon Tyne, Tyne And Wear NE3 1ED | £3,709 | 86 | 2 | Terraced House |
Local Rents
32 rents from £650/mo to £1.3K/mo, average is £888/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,200 | 05/24 | 0.11 mi | Briardene Crescent, Gosforth, Newcastle Upon Tyne, Tyne & Wear, NE3 | 2 | Flat | |
£850 | 02/25 | 0.12 mi | - | 2 | Semi-Detached House | |
£800 | 01/24 | 0.12 mi | - | 2 | Flat | |
£900 | 06/24 | 0.2 mi | Deleval Terrace, Gosforth, NE3 | 2 | Flat | |
£950 | 05/24 | 0.22 mi | Delaval Terrace, Gosforth, Newcastle upon Tyne | 2 | Flat | |
£775 | 06/24 | 0.23 mi | Salters Road, Gosforth | 2 | Flat | |
£975 | 12/24 | 0.23 mi | Albany Mews, Montagu Avenue, Gosforth | 2 | Flat | |
£795 | 06/24 | 0.23 mi | Wyndham Avenue, Newcastle upon Tyne, Tyne and Wear, NE3 | 2 | Flat | |
£1,200 | 02/25 | 0.24 mi | - | 2 | Flat | |
£900 | 07/24 | 0.24 mi | Delaval Terrace, Gosforth, Newcastle upon Tyne | 2 | Flat | |
£875 | 05/24 | 0.25 mi | Salters Road, Gosforth | 2 | Flat | |
£850 | 06/24 | 0.25 mi | Delaval Terrace, Newcastle upon Tyne, Tyne and Wear, NE3 | 2 | Terraced House | |
£795 | 05/24 | 0.25 mi | Delaval Terrace, Gosforth, Newcastle Upon Tyne, NE3 | 2 | Flat | |
£900 | 06/24 | 0.27 mi | Delaval Terrace, Gosforth, NE3 | 2 | Flat | |
£975 | 07/24 | 0.29 mi | Salters Road, Gosforth, Newcastle Upon Tyne | 2 | Flat | |
£1,295 | 05/24 | 0.29 mi | Montagu Court, Gosforth, Newcastle Upon Tyne, Tyne & Wear, NE3 | 2 | Flat | |
£975 | 05/24 | 0.31 mi | Ashfield Road, Gosforth, Newcastle Upon Tyne | 2 | Flat | |
£995 | 06/24 | 0.31 mi | Salters Road, Gosforth | 2 | Flat | |
£950 | 06/24 | 0.32 mi | Salters Road, Gosforth, Newcastle Upon Tyne | 2 | Flat | |
£1,195 | 05/24 | 0.33 mi | Montagu Court, Gosforth, Newcastle Upon Tyne | 2 | Flat | |
£1,100 | 07/24 | 0.34 mi | Salters Road, Newcastle Upon Tyne, Tyne and Wear, NE3 4HN | 2 | Flat | |
£995 | 06/24 | 0.41 mi | Lanesborough Court, Newcastle Upon Tyne | 2 | Flat | |
£1,300 | 07/24 | 0.42 mi | Lanesborough Court, Gosforth, NE3 | 2 | Flat | |
£800 | 06/24 | 0.49 mi | Salters Road, Gosforth, Newcastle upon Tyne | 2 | Flat | |
£750 | 06/24 | 0.5 mi | High Meadows, Newcastle Upon Tyne, NE3 | 2 | Semi-Detached House | |
£750 | 06/24 | 0.5 mi | - | 2 | Semi-Detached House | |
£850 | 05/24 | 0.53 mi | - | 2 | Terraced House | |
£650 | 12/24 | 0.6 mi | - | 2 | Flat | |
£800 | 02/25 | 0.61 mi | - | 2 | Terraced House | |
£875 | 05/24 | 0.62 mi | Broomfield Road, Gosforth, Newcastle Upon Tyne, Tyne & Wear, NE3 | 2 | Flat | |
£750 | 05/24 | 0.62 mi | North Avenue, Gosforth, Newcastle Upon Tyne, NE3 | 2 | Flat | |
£700 | 06/24 | 0.62 mi | Ashover Road, Kenton, Newcastle Upon Tyne, NE3 | 2 | Flat |
Local Area Statistics
Population in NE3 | 53,77153,771 |
Population in Newcastle upon Tyne | 381,037381,037 |
Town centre distance | 0.97 miles away0.97 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.87 miles away0.87 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +33%+33% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +28%+28% |
Property History
Listed for £375,000
February 26, 2025
Floor Plans

Description
- Two-bedroom semi-detached bungalow. +
- Driveway and garage for off-street parking. +
- Bay-fronted living room leading to dining area. +
- Versatile rear reception space. +
- Lawned rear garden, ideal for outdoor relaxation. +
- Sought-after Gosforth location with excellent amenities. +
- Offering potential for modernisation. +
Welcome to Briardene Crescent, a delightful two-bedroom semi-detached bungalow situated in the highly sought-after area of Gosforth. Set back from the road, the property benefits from a front garden and a driveway providing off-street parking, leading to a garage for additional storage or vehicle space.
Upon entering the home, you step into an entrance lobby, which leads into a central hallway providing access to all main rooms. The living room, located at the front of the property, features a charming bay window that allows natural light to flood the space, creating a bright and welcoming atmosphere. This room flows seamlessly into the dining area, making it an excellent space for both everyday living and entertaining guests.
Beyond the dining area is a wonderfully versatile reception space at the rear of the bungalow. With windows all around, this room enjoys an abundance of natural light and offers a tranquil setting overlooking the garden. Perfect for summer gatherings with friends and family, this space provides access to the rear lobby, which in turn leads to the lawned rear garden, an additional WC, and the garage.
The kitchen features a selection of base and wall units, with potential for further customisation to suit modern needs. A window looks into the rear reception room, maintaining a connection with the rest of the home.
The primary bedroom, located at the front of the property, benefits from a window that enhances the sense of space and light. The second bedroom enjoys a rear-facing aspect, offering a peaceful retreat overlooking the garden.
Externally, the private rear garden is mainly laid to lawn, providing an excellent outdoor space for relaxation or gardening enthusiasts. The garage is accessible via the rear lobby and offers valuable storage or workshop potential.
Gosforth’s is known for it's excellent range of local shops, cafes, and transport links, making it an attractive option for those seeking convenient living in a fantastic location.
MATERIAL INFORMATION
Broadband Estimated Speed/Availability
Standard 11 Mbps
Superfast 80 Mbps
Ultrafast 1800 Mbps
Network coverage is offered by:
Virgin Media, Openreach, Cityfibre
Mobile Coverage is offered by:
Likely - Three, O2, Vodafone, EE
Utilities and Services
Electricity: Mains
Water: Mains
Sewerage: Mains
Mining
The seller does not know if the property is situated on a coalfield. Given the renowned mining history in the North East region, it's advisable to consult a conveyancer to ascertain any potential implications on the property.
Flood Risk
River and Sea: Very Low
Surface Water: Very Low
Other Flood Risk: Unlikely
The risk indicators mentioned are sourced from the Gov.UK website. It is advisable to confirm this with a legal representative. For further details, please refer to the government website.
Conservation Area
We will inform you if we are aware that this property is situated in a conservation area. It is essential for you to verify this with a legal representative regardless.
Tree Preservation
We will inform you if we are aware that this property has a tree preservation order. It is essential for you to verify this with a legal representative regardless.
Planning/Development
We will inform you if we are aware of any planning or development plans at this property or in the surrounding areas. The vendor may not have complete awareness of all planning and development applications in the nearby areas, therefore it is essential for you to verify this with a legal representative regardless.
Accessibility
Should you have any enquiries regarding accessibility or require further information on this matter, please do not hesitate to contact the office.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
GOS240214/2
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