Affordable auction opportunity for buyers comfortable budgeting refurbishment work.
Vacant ground-floor one-bedroom flat, approx. 657 sq ft
Long lease — c.958 years remaining (leasehold)
Guide price £25,000+; sale by public auction
Garden included; Victorian mid-terrace setting
EPC rating D; double glazing installed post-2002
Solid brick walls; likely no wall insulation (as built)
Area classified very deprived with high local crime levels
Requires updating/possible energy-efficiency improvements
A vacant ground-floor one-bedroom flat offered at auction with a low guide price, presenting clear opportunity for an investor or buyer willing to refurbish. The property sits in a Victorian mid-terrace and comes with a private garden and long lease (approximately 958 years remaining), reducing typical leasehold risk.
The flat totals about 657 sq ft and includes a reception, kitchen, bedroom and bathroom. Construction dates to c.1900–1929 with solid brick walls (no known insulation) and double glazing added post-2002. Heating is mains gas via boiler and radiators; the EPC is rated D.
Location is residential with local shops nearby, Newburn Riverside open space within reach and Blaydon rail station providing transport links. The immediate area is classified as very deprived with high recorded crime; nearby schools include several rated Good and one Outstanding.
This is a straightforward auction lot for buyers prepared to accept area-level risks and carry out repairs or updating. The flat’s size, garden and long lease provide value drivers, but budget for refurbishment, possible energy-efficiency improvements, and factors related to the neighbourhood when forecasting returns or resale value.