Summary - 149 COLLINGWOOD COURT WASHINGTON NE37 3EF
1 bed 1 bath Flat
Low-cost one-bed refurbishment opportunity with south-facing balcony and long lease.
South-facing balcony with large living area
A one-bedroom, ground-to-mid-floor flat in Collingwood Court offered at a low entry price, presenting clear potential for an investor or hands-on buyer. The apartment has a south-facing balcony, gas central heating and a large living area; communal grounds, gated access, lift and off-street parking add practical convenience. Broadband is fast and mobile signal excellent — useful for renting or remote working tenants.
The property requires a full refurbishment: exposed floorboards, dated single-glazed windows, marks to walls and strip lighting indicate substantial cosmetic and likely decorative work. Service charge is £1,047.49pa and ground rent is £10pa; the lease has 175 years remaining and is reportedly being extended to 999 years, which supports longer-term ownership or letting.
Location is convenient for local shops at The Washington Galleries, schools and transport links (A1, A19 and Tyne Tunnel). However, the area has very high deprivation and recorded high crime levels; this will affect tenant demand and rental values and should be considered by buyers and investors.
For buyers seeking a low-cost entry and willing to invest time and money into refurbishment, this flat offers scope to add value and produce rental income. Ready-to-move-in purchasers should note the renovation requirement and local area challenges before proceeding.
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