NEHL - Speedwell Pit was named after the adjacent field, Speedwell Close, and was situated on the lane between St Peters and Byker in the 18th century. It is illustrated on William Donkin's plan of Byker from 1767, and may have been owned by Sir Henry Lawson.

Any traces of the pit had disappeared by the mid 19th century. The site is now open grassland near Walker Road.