Auction lot for cash buyers — short lease, needs full refurbishment.
Ground-floor one-bedroom flat with small garden
A compact one-bedroom ground-floor flat offered at auction with clear scope for refurbishment and rental or resale after works. The property sits in a mid-20th-century block in Blaydon-on-Tyne, close to local shops, schools and transport links toward Newcastle and the Metro Centre.
This lot is a short-lease opportunity (approximately 37 years remaining) and the legal pack should be checked before bidding. Mortgage lenders commonly refuse lending on properties with so few years left on the lease, so this is realistically suitable for cash buyers or those experienced in lease extension/legal work. An auction contract documentation fee of £1,500 (inc. VAT) and possibly further seller charges apply on completion.
The flat requires a programme of modernisation throughout and images note unkempt exterior and possible mould in places — expect renovation and remedial works (windows are double glazed but install date unknown). The EPC is rated E. Heating is reported in the papers (one reference to electric heating) while structured details list mains gas boiler and radiators; prospective buyers must verify services and plant before purchase.
For an investor or hands-on buyer, the property offers a low guide price and proximity to amenities, but be realistic about cash funding, renovation costs, lease length and auction conditions. Carry out independent surveys and check the legal pack prior to bidding.