Summary - 421 TWO BALL LONNEN NEWCASTLE UPON TYNE NE4 9SA
2 bed 1 bath Flat
Auction lot for cash or experienced investors; short lease and refurbishment required..
- Ground-floor two-bedroom flat with front garden and rear yard
- Requires general refurbishment throughout
- Lease length c. 55 years — mortgage risk likely
- Sold at online auction; immediate exchange on sale
- EPC rating E; refurbishment will improve efficiency
- Ground rent nominal £1
- Located near schools, shops and bus links
- Crime level above local average; area classed as deprived
Offered at online auction, this ground-floor two-bedroom flat sits in a 1930s red-brick building with a front garden and private rear yard. The property provides straightforward rental or resale potential in a major conurbation location north of Fenham, close to local shops, bus links and a mix of primary and secondary schools.
Key value drivers are the bring-your-own-refurbishment opportunity, mains gas central heating, double glazing already installed, and a nominal ground rent of £1. The layout includes a reception, dining room, kitchen, two bedrooms and a bathroom on the ground floor – useful for tenants wanting step-free access.
Important drawbacks are material and should not be overlooked: the lease has 55 years remaining which will restrict mortgage options and could deter many buyers; the building requires general renovation and has an EPC rating of E. The property is being sold at auction, so contracts exchange on the fall of the hammer, with a 10% deposit (minimum £3,500) and a £1,500 administration charge payable on exchange.
This lot will suit cash buyers or experienced investors comfortable with short leases, immediate refurbishment costs and auction purchase conditions. Carrying out lease extension checks, costed refurbishment plans and confirming financing or cash availability are essential steps before bidding.
2 bedroom ground floor flat for sale in 293 Beaconsfield Street, Newcastle upon Tyne NE4 5JS, NE4 — £40,000 • 2 bed • 1 bath • 689 ft²
2 bedroom flat for sale in Bavington Drive, Newcastle Upon Tyne, NE5 — £50,000 • 2 bed • 1 bath
2 bedroom flat for sale in Relton Avenue , Walker, Newcastle Upon Tyne, NE6 — £40,000 • 2 bed • 1 bath • 549 ft²
2 bedroom flat for sale in Strathmore Crescent, Benwell, Newcastle upon Tyne, Tyne and Wear, NE4 8UB, NE4 — £45,000 • 2 bed • 1 bath • 549 ft²
3 bedroom ground floor flat for sale in Severus Road, Fenham, Newcastle Upon Tyne, NE4 — £105,000 • 3 bed • 1 bath • 722 ft²
2 bedroom ground floor flat for sale in Clydesdale Road, Byker, Newcastle upon Tyne, Tyne and Wear, NE6 2EQ, NE6 — £45,000 • 2 bed • 1 bath • 504 ft²
