Summary - 7 PEEBLES CLOSE NORTH SHIELDS NE29 8DN
2 bed 1 bath Flat
Manageable single-level living with garden and garage — ideal for a cash buyer or renovator.
Ground-floor two-bedroom flat with private rear garden
A ground-floor two-bedroom flat on a quiet North Shields close, offering manageable single-level living with a private rear garden and a single garage. The compact layout suits buyers seeking lower-maintenance accommodation close to local shops, schools and bus links. Council tax is very cheap, and broadband and mobile signal are strong.
The flat is dated and will need updating — electric storage heating, an EPC rating of D and cosmetic maintenance throughout. The building dates from the late 1960s/early 1970s and has double glazing, but internal modernisation and potential heating upgrades should be factored into any purchase.
Important: the property is leasehold with approximately 79 years remaining. Some mortgage lenders may decline to lend because of the limited lease length; this is likely to restrict the market to cash buyers or specialist lenders unless the lease is extended. There is a public notice showing a recent offer of £80,000.
This is a clear opportunity for a buyer prepared to refurbish — either a downsizer wanting easy ground-floor access with private outdoor space, or an investor comfortable with a short lease/renovation project. Budget for refurbishment and, if required, a lease extension to improve long-term mortgageability and value.
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