Summary - Flat S, Beechgrove House, 15 Wallace Street NE2 4AU
2 bed 1 bath Flat
Cash-purchase opportunity for investors or buyers willing to renovate near city amenities.
- Two bedrooms in a compact 493 sq ft layout
- Allocated off-street parking space included
- Needs updating; ideal for refurbishment or rental
- All services/appliances untested; buyer responsibility
- EPC rating C; council tax Band A (low)
- Leasehold with 62 years remaining — cash buyers only
- Service charge £1,100pa; ground rent £30pa
- Chain free sale, close to university and hospital
A compact two-bedroom flat in a sought-after Jesmond-adjacent location, offering straightforward rental or refurbishment potential. The building includes an allocated parking space — a rare local benefit — and the flat is close to Newcastle University, Royal Victoria Hospital and city transport links, making it attractive for professionals or investors seeking location-driven returns.
The apartment is in need of updating and has not had services or appliances tested. It measures approximately 493 sq ft and includes a single reception room, kitchen, two bedrooms and a bathroom. EPC rating C and council tax band A are positives for running costs, but the accommodation is overall small and will benefit from cosmetic and functional improvement.
A material consideration is the lease length: 62 years remaining (99 years from March 1988). This will make mortgage lending difficult and means the property is effectively cash-purchase only. There is an annual service charge of £1,100 and a ground rent of £30.
Offered chain-free, the flat presents a clear, straightforward purchase for a cash buyer or investor prepared to refinance, extend the lease, or refurbish. Be aware of the short lease when assessing funding, long-term value and refurbishment viability.
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