Summary - Albemarle Road, Cross Heath, Newcastle, ST5 9BN ST5 9BN
2 bed 1 bath End of Terrace
Freehold two-bed terrace on a large corner plot — auction sale for cash-ready buyers..
Freehold two-bedroom end terrace on larger corner plot with front, side, rear gardens|Requires full modernisation throughout; refurbishment budget essential|Sold at auction — 10% deposit and £1,500 + VAT buyer's premium|Compact internal area (~542 sq ft); efficient redesign recommended|High local crime and very deprived area may affect rental demand|Excellent mobile signal and fast broadband — attractive to tenants|No upward chain; quick legal completion under auction conditions|Council tax very low, lowering interim holding costs
This two-bedroom end-of-terrace sits on a larger-than-typical corner plot in Cross Heath, offering clear scope for a refurbishment or buy-to-let conversion. The property is freehold and includes gardens to the front, side and rear—rare for a terrace of this size—giving room for extension or outdoor amenity once works are complete.
Internally the layout is practical: entrance hall, lounge, kitchen/diner, porch and cloakroom on the ground floor, with two double bedrooms and a bathroom above. The house is compact at around 542 sq ft, so modernisation should focus on efficient use of space to maximise rental or resale value.
Important practical and legal points: this lot is sold under auction conditions with a 10% deposit and a buyer’s premium of £1,500 plus VAT payable on exchange. The property requires significant renovation throughout and cash or auction-ready finance will be preferred. View the legal pack before bidding to confirm title and any obligations.
Location factors: the immediate area shows high crime and very high deprivation statistics, which will affect tenant demand and resale premium. Conversely, local connectivity is strong—close to local shops, schools and transport links—and the property benefits from excellent mobile signal and fast broadband, useful for attracting working tenants. Council tax is very low, which helps running costs during void periods.
This lot will suit an experienced investor or developer comfortable with auction purchases and refurbishment projects. Expect to budget for structural and cosmetic works, factor in higher management or security needs given local crime levels, and allow lead time to secure tenants or planning if extending the plot.
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