Newly renovated two-bed top-floor flat — low price, long lease..
Two double bedrooms and living/dining area
Top-floor flat with communal entry, 765 sq ft total
Newly renovated interior; fitted kitchen and modern bathroom
114 years remaining on lease; low ground rent £10
Service charge approximately £1,200 per year
EPC rating E (higher running costs/efficiency works possible)
High local crime and very deprived area — affects resale/rental
Council Tax Band A — very low ongoing local tax costs
This top-floor, two-bedroom apartment in Beacon Lough is a ready-to-move-in option aimed at first-time buyers or investors seeking low-entry purchase costs. Recently renovated throughout, the flat offers a fitted kitchen, modern bathroom, two double bedrooms and an open living/dining area within a practical 765 sq ft layout.
Practical running costs are a strength: long lease (114 years remaining), low ground rent and a very low council tax band A. The property has double glazing and gas central heating via boiler and radiators. It sits in a three-storey mid-20th-century brick block with communal entry and good mobile and broadband connectivity.
Buyers should note material drawbacks clearly: the EPC is rated E and the immediate area records high crime levels and very high deprivation. There is an average service charge of around £1,200 per year. These factors affect resale and rental demand and should be considered alongside the low asking price.
For those prepared to accept the neighbourhood challenges, this apartment represents an affordable route onto the market or a buy-to-let opportunity after minor finishing works. Nearby schools include several rated Good or Outstanding and local transport links provide straightforward access to wider Gateshead and Newcastle areas.
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