Summary - 1 PALMER WALK JARROW NE32 3PT
1 bed 1 bath Apartment
**Standout Features:**
- Leasehold with 132 years remaining
- Low ground rent (£200) and affordable service charge (£700/year)
- Great transport links with proximity to Jarrow Metro Station
- Access to local amenities and historic sites
- Open plan kitchen/lounge, spacious double bedroom, three-piece bathroom
- Communal garden and allocated off-street parking
- Recently updated (4-year-old) boiler
- Perfect for renovation enthusiasts
**Potential Concerns:**
- Property requires light cosmetic updates
- Located in an area with high crime rates and economic challenges
Nestled in the heart of Jarrow, this one-bedroom apartment is an excellent opportunity for first-time buyers or investors looking for a value-driven property. With an open-plan kitchen and lounge that invites natural light, along with a spacious double bedroom and a three-piece bathroom, this home is ready for immediate living. The flat enjoys an appealing communal garden and off-street parking, while nearby amenities like the Viking Shopping Centre and Jarrow Metro Station ensure complete convenience. Although the property may benefit from cosmetic updates, it features a modern boiler installed just four years ago, allowing you to move in comfortably while personalizing your new space.
Given its budget-friendly price of £57,000 and the low ongoing expenses associated with the leasehold, this apartment holds significant rental potential in a well-connected locale. Be aware that the surrounding area is classified as economically challenged with higher crime statistics, which could influence living experiences. This property is anticipated to generate considerable interest, making early viewings highly recommended to secure this unique opportunity!
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