Summary -
53 Park Road,WALLSEND,NE28 6QZ
NE28 6QZ
2 bed 1 bath Flat
**Standout Features:**
- Two-bedroom upper flat in a prime location with investment potential
- Victorian-era design with high ceilings and charming character
- Leasehold with 989 years remaining and peppercorn ground rent
- Currently tenanted, offering immediate rental income
- Council tax rated as very cheap (Band A)
**Potential Concerns:**
- Requires renovation throughout to modernize and update spaces
- High crime rate in the area may be a consideration for some buyers
- Local area classified as very deprived, impacting neighborhood dynamics
Nestled just off Wallsend High Street, this two-bedroom upper flat is brimming with investment potential for those looking to add value. The early 20th-century Victorian design offers a unique charm with standard ceiling heights providing a comfortable ambiance. While the flat is currently tenanted and offers a very affordable Council Tax rate, it does need updating—making it an ideal fixer-upper for savvy investors or first-time buyers seeking to make their mark.
With 989 years remaining on the lease and a peppercorn ground rent, the property's foundational aspects are solid. Local amenities abound, including schools with good ratings and a variety of shops and services within walking distance. While the crime rate and area deprivation are notable concerns, this property presents an exciting opportunity to transform a quaint flat into a stylish home or lucrative rental. Don’t miss out on this chance to invest in a rising area; the potential for a rewarding project awaits!
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