Affordable auction flat near transport links, ideal for first-time buyer or buy-to-let.
Second-floor one-bedroom flat with communal gardens
Long lease: 999 years from January 2005
Sold at online auction — check for addenda
Approx. 458 sq ft (average size) with five rooms
EPC rating E — likely needs energy/cosmetic updates
Area: very deprived; local services and prospects mixed
Good transport links and proximity to retail park
Leasehold sale; completion 14 days from exchange
Set on the second floor of a 1960s purpose-built block, this vacant one-bedroom flat offers an affordable entry into Newcastle’s NE5 market. The apartment has a clear layout – hall, living room, kitchen, bedroom and bathroom – and benefits from communal gardens and good transport links, making it suitable for a first-time buyer or investor seeking a straightforward let.
The property is offered for online auction, priced to reflect its condition and location. The flat is average in size (approximately 458 sq ft) and has an EPC rating of E, so buyers should expect to budget for energy improvements and cosmetic updating. The long lease (999 years from 2005) is a positive for tenure security.
The surrounding area is classed as very deprived and local amenities and schools are mixed; this affects long-term capital upside and tenant profiles. Completion is expected 14 days from exchange; available viewings and a video tour can be requested prior to bidding. As an auction lot, details may change and purchasers should carry out their own due diligence before bidding.
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