Summary - 312 Springfield Close, Chesterton, Newcastle, ST5 7LY ST5 7LY
2 bed 1 bath Detached Bungalow
Low-price large-plot home for cash buyers seeking renovation potential.
Detached two-bedroom bungalow on a large, deep plot with off-street parking
Non-traditional Kencast construction—specialist survey recommended
Sold at auction: 10% deposit and £1,500 + VAT buyer’s premium applies
Requires full modernisation and refurbishment throughout
Gas central heating and uPVC double glazing present
Good broadband and excellent mobile signal; easy commuter links
Area is deprived with above-average crime—factor local risks
Council Tax very low (Band A), potential for rental yields after refurbishment
This two-bedroom detached bungalow on a deep plot is a clear proposition for investors or cash buyers prepared to renovate. The property is non-traditional (Kencast) construction, so any purchaser should factor specialist surveys and potential remedial work into plans. It has gas central heating, uPVC double glazing and a long garden with scope for extension subject to consents.
Sold under auction conditions with a 10% deposit and a buyers’ premium, the sale is firm and quick. The internal footprint is modest (approximately 426 sq ft) but the generous plot and off-street parking create practical value: room for a rear extension, garage conversion, or garden reconfiguration to improve rental or resale returns.
Location strengths include fast broadband, excellent mobile signal, local schools and commuter links. Offsetting factors: the area is economically deprived with above-average crime levels, and the property requires full modernisation. Cash or chain-free buyers will move fastest; careful due diligence and a structural/thermal assessment are recommended before bidding.
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