Affordable three-bed flat with long lease and refurbishment potential..
Three bedrooms in a compact 743 sq ft first-floor flat
This compact first-floor flat on Seymour Street offers three bedrooms and practical living space at an entry-level price of £82,500. Set in a late-Victorian mid-terrace, the property benefits from double glazing, mains gas central heating and a very long lease (957 years), making it straightforward to mortgage or let.
Internally the layout is efficient: reception room, separate kitchen, bathroom and three bedrooms across about 743 sq ft. The accommodation is best suited to buyers seeking an affordable starter home or buy-to-let opportunity who are comfortable with modest room sizes and some updating. There is a rear yard and on-street parking outside.
Important downsides are clear and should be factored into plans: the area is very deprived with a high local crime rate, and the building’s solid brick walls likely lack cavity insulation. The interior will benefit from cosmetic refurbishment (kitchen, bathroom and finishes) to reach its potential. There are good local amenities, bus links and several primary and secondary schools nearby.
Overall this flat represents a low-cost route into the North Shields market or a value-add rental purchase. It suits buyers who prioritise long lease security and a low purchase price over immediate modern finish and who accept some neighbourhood and maintenance drawbacks.
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