Summary - 120 NORTHBOURNE STREET GATESHEAD NE8 4AH
3 bed 1 bath Flat
Long lease, low running costs — ideal for first homes or buy-to-let.
Three bedrooms including bay-fronted main bedroom
A compact three-bedroom upper Tyneside flat with bay-fronted main bedroom and bright lounge, offering affordable entry to Gateshead’s NE8 at £75,000. The long lease (circa 988 years), peppercorn ground rent and no service charge keep ongoing costs low, making the property suitable for first-time buyers or buy-to-let investors seeking a straightforward, low-running-cost asset.
Internally the flat measures about 742 sq ft and benefits from double glazing, gas central heating and an EPC C. The layout includes a generous main bedroom plus two further doubles, a galley kitchen and a single bathroom. Recent works recorded for the building include a gas boiler installation and cavity wall insulation, and much of the accommodation is neutrally decorated, ready for immediate occupation or modest updating.
Location is practical: regular buses on Durham Road, nearby Metro stations and easy routes into Newcastle make commuting simple, while Saltwell Park and local amenities sit within easy reach. Estimated market rent is around £650 pcm for investors, supported by good local rental demand for three-bedroom flats.
Buyers should note material negatives: the property sits in an area with high crime and very high deprivation, which may affect resale and rental profiles. The flat is small overall, has only one bathroom, and the building’s original solid-brick walls may lack modern insulation in places. These factors mean some buyers will want to plan for targeted improvements or account for longer-term value repair demands.
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