Summary - 73 CLEPHAN STREET GATESHEAD NE11 9BB
3 bed 1 bath Flat
Low-price, tenant-occupied upper flat — investor opportunity with refurbishment potential..
Freehold three-bedroom upper flat, approx. 527 sq ft
Sitting tenants in place; intend to remain (income-producing)
Victorian terrace with high ceilings and period bay window
Requires updating; cosmetic and system upgrades likely
Potential damp reported; factor repair costs
Small overall size; suits rental or refurbishment project
Good transport links to A1, Metrocentre and Newcastle
Fast broadband; council tax very cheap
An affordable three-bedroom upper flat in a Victorian terrace on Clephan Street, offered freehold at a low guide price. The property is compact (approx. 527 sq ft) and benefits from gas central heating, double glazing and a small front garden. Stairs from the rear door access a shared yard. Broadband speeds are fast and the area has good transport links to the A1, Metrocentre and Newcastle.
This property is sold with sitting tenants who have occupied the flat for five years and intend to remain. That makes it immediately income-producing but limits vacant possession options for an occupier. The building shows signs of age and will need updating; potential damp has been noted and cosmetic and system upgrades are likely.
Local services are plentiful — primary and secondary schools rated Good to Outstanding, shops, healthcare and leisure nearby — but the wider area is classified as deprived with an endeavouring social-renter local profile. Council tax is very cheap, and the property suits a buy-to-let investor seeking steady rental income or a landlord willing to invest in refurbishment for capital growth.
Buyers should factor in renovation and maintenance costs, tenant arrangements, and the neighbourhood profile when considering this purchase. For an investor looking for a low-entry price in a major conurbation with transport links, this presents clear short-term income potential and medium-term value uplift after improvements.
2 bedroom flat for sale in Joan Street, Benwell, Newcastle upon Tyne, Tyne and Wear, NE4 8QN, NE4 — £70,000 • 2 bed • 1 bath
3 bedroom flat for sale in Oak Avenue, Gateshead, NE11 — £128,000 • 3 bed • 1 bath
3 bedroom flat for sale in Parsons Gardens, Gateshead, Tyne And Wear, NE11 — £90,000 • 3 bed • 1 bath • 782 ft²
2 bedroom apartment for sale in Spoor Street, Gateshead, Tyne and Wear, NE11 — £69,000 • 2 bed • 1 bath • 530 ft²
2 bedroom flat for sale in Ravensworth Road, Gateshead, Tyne and Wear, NE11 — £70,000 • 2 bed • 1 bath • 603 ft²
3 bedroom house for sale in Clarke Terrace, Felling, Gateshead, NE10 — £70,000 • 3 bed • 1 bath • 765 ft²
