Summary -
121 Meadow Lane,GATESHEAD,NE11 9PP
NE11 9PP
2 bed 1 bath Flat
Low-cost two-bed with rental potential, minutes from the Metrocentre.
Chain-free two-bedroom flat with communal yard and storage cupboard
A compact two-bedroom leasehold flat on Meadow Lane offering clear rental and refurbishment potential close to the Metrocentre. The property has two double bedrooms, a living room with good natural light, a functional kitchen and a family bathroom with separate WC. External benefits include off-street and on-street parking (no allocated space), an external storage cupboard and a communal yard.
This is a straightforward purchase for an investor or buyer looking to add value. The flat is chain-free, sits 5 minutes from the Metrocentre with excellent transport links and strong local rental demand. Service charge is reported at £40.90pcm (includes ground rent) and council tax band A keeps ongoing costs low.
Buyers should note material drawbacks: the building and interiors are dated and likely need modernisation; heating is by electric storage heaters which can be costly; the wider area has high crime levels and is classified as deprived. The lease has 88 years remaining — sufficient for purchase but important to consider for future mortgage or saleability and potential lease-extension costs.
Overall this property suits buyers seeking an affordable entry into the Gateshead lettings market or a project to refurbish and resale. Factor in modernization costs, energy/heating upgrades and the local area profile when assessing yield or long-term ownership plans.
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