Large first-floor flat with loft and carport — ideal for first-time buyers or investors aware of lease limits.
Large 1st-floor two-bedroom flat with large boarded loft space
Vacant possession — ready to move in or let
60 years remaining on lease — many lenders may refuse mortgages
Loft not building-regulation approved as a bedroom
Carport at rear provides off-street parking or storage
High-crime area; local deprivation may affect resale/letting
Mains gas boiler, double glazing and EPC rating C
Very low council tax (Band A) and small ground rent £15
This well-presented first-floor two-bedroom flat offers generous living space and a large boarded loft, all offered with vacant possession. Situated just off Stanhope Road, it is within walking distance of Tyne Dock Metro, bus routes, parks and several well-regarded primary and secondary schools. The modern kitchen, high-ceilinged lounge with bay window and a usable carport/storage area to the rear add practical appeal for everyday living or letting.
Buyers should note the lease has about 60 years remaining (originally 99 years from April 1986). That limited lease length is a material issue: many mortgage lenders may refuse to lend and legal advice on lease extension costs is strongly advised. The loft does not have building-regulation approval for use as a bedroom, so any formal change of use or reclassification should be checked.
The property sits in an area of higher crime and marked deprivation; prospective purchasers should consider neighbourhood factors and resale/letting expectations. On the positive side, the flat benefits from mains gas central heating, double glazing, an EPC rating of C, very low council tax band A and fast predicted broadband and excellent mobile coverage. The combination of size, location and low asking price will appeal to first-time buyers and investors prepared to manage the lease and local-market considerations.
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