Low-cost auction lot with long lease and clear refurbishment potential.
Large internal area for a one-bedroom — approx. 700 sqft
Long lease: 999 years from January 2003
EPC C — reasonable energy rating for age
Ground-floor access; potential ease for rental or resale
Built 1900–1929; solid brick walls, likely no cavity insulation
Requires cosmetic updating and possible energy upgrades
Auction sale — buyer pays £1,500 contract documentation fee
Area classified as very deprived; resale/rental market may be constrained
A one-bedroom ground-floor flat offered at auction on 14 October 2025, set within a Victorian mid-terrace on Rectory Road, Gateshead. The property occupies a generous footprint (approx. 700 sqft) for a one-bedroom and benefits from a long lease (999 years from 2003) and an EPC rating of C. Council Tax Band A means low ongoing local tax costs.
This lot suits buyers seeking a low-entry investment or a refurbishment project close to Gateshead town centre and transport links (Underground and mainline stations nearby). The building’s solid brick construction and period features provide character and potential to improve energy performance and internal layouts, but the property will need updating to maximise value.
Important auction considerations: the buyer pays a contract documentation fee of £1,500 (inclusive of VAT) plus any purchaser charges detailed in the Special Conditions of Sale. Viewings are at set times (3/10 at 10:00 and 11/10 at 11:00). Prospective purchasers should arrange surveys and verify services; no tests of appliances or services have been carried out.