Summary - 24, Millbank Terrace NE22 5BY
2 bed 1 bath Flat
Chain-free renovation project near Bedlington town centre and station.
Chain free first-floor two-bedroom flat with period features
A first-floor two-bedroom flat offered chain-free and ready for a refurbishment project. The property sits in a mid-terraced Edwardian row close to Bedlington town centre and station, with spacious room proportions, high ceilings and a bay-fronted sitting room that retain period character. The current layout of two receptions and two bedrooms provides flexible options — easily reconfigured as a three-bedroom rental if required.
Practical details work in its favour for investors: a 999-year lease (964 years remaining), EPC rated C, and very low council tax (Band A). There is no ground rent or service charge payable and the property is sold as seen, making it straightforward to purchase and prepare for letting or resale.
The flat does need updating. The kitchen and bathroom are functional but dated, and decorative and modernisation works are likely to be needed to maximise rental income or sale value. On-street parking only and limited external space means the property suits tenants or buyers who prioritise location over private garden or off-street parking.
Buyers should note the wider area is relatively deprived with above-average crime statistics and a recommended mining search for the North East region. These are important considerations for both mortgage lenders and long-term investment planning, though the town-centre location and nearby rail links support lettability and resale prospects.
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