Ready-to-rent investment with low running costs and secure parking.
Chain-free ground-floor two-bedroom apartment
A compact, ground-floor two-bedroom apartment offered chain-free and ready for immediate rental or owner-occupation. The property sits within a modern development close to Wansbeck Hospital and local amenities; gas central heating, UPVC double glazing and an EPC B rating keep running costs reasonable. At approximately 458 sq ft the flat is small but presented in good order and benefits from secure entry, allocated off-street parking and communal lawned areas.
With 110 years remaining on the lease and an estimated rental income of £600 pcm this is well suited to buy-to-let investors or first-time buyers seeking a low-maintenance starter home. The accommodation includes a lounge, kitchen, two bedrooms and a bathroom; monthly income and low council tax make the running costs attractive.
Buyers should note material negatives: the neighbourhood records higher crime levels and the wider area is classified as very deprived, which may affect long-term capital growth and tenant demand. The property is leasehold, so purchasers must budget for any service charges and ground rent; size is small, limiting scope for substantial reconfiguration.
Overall this is a practical, low-effort investment in a modern build with immediate rental potential and sensible energy performance. Viewings are recommended for those seeking an affordable entry into the local market or an easily managed rental asset.
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