Summary - Well Lane, Gateshead, NE9 NE9 6JW
2 bed 1 bath Apartment
Light modern flat with parking and rental potential near shops and transport.
Open-plan lounge/kitchen with Juliet balcony and far-reaching views
Two double bedrooms, both with fitted wardrobes
Allocated off-street parking included
Compact size: approximately 517 sqft (small overall footprint)
Leasehold: 109 years remaining; service charge ~£1,620pa
Ground rent £200pa; council tax Band B (described as cheap)
Sold by online auction — immediate exchange, 28-day completion
Buyer fees: 2.4% purchase premium and 5% non-refundable deposit
This two-bedroom modern apartment in Low Fell offers a compact, light-filled home with an open-plan lounge/kitchen and Juliet balcony. High ceilings and large windows deliver an airy feel across the 517 sqft layout, while fitted wardrobes in both bedrooms maximise storage. Allocated off-street parking and an EPC B add practical appeal.
The property is leasehold with 109 years remaining. Annual costs include a service charge of about £1,620 and ground rent of £200. The apartment is being sold at an online auction under unconditional terms: purchasers must exchange immediately and complete within 28 days. A non-refundable buyer’s premium (2.4% incl. VAT, minimum £3,000) and a 5% deposit (min £3,000) are payable and do not form part of the headline price.
This flat will suit first-time buyers seeking a move-in-ready, low-maintenance home or investors attracted to an advertised net yield of approximately 7.3%. The location provides easy access to Low Fell shops, cafes and transport links, with several 'Good' and one 'Outstanding' nearby schools. Broadband speeds are average and mobile signal is excellent.
Be aware of the auction mechanics and tight timescales; read the legal pack carefully before bidding. Service charges and ground rent are recurring costs that will affect ongoing affordability. Overall, this is a modern, compact apartment offering convenience and rental potential, sold under fast-moving auction conditions.
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