Renovated fifth-floor apartment with river views, parking and a long lease.
Stunning River Tyne views from fifth-floor open-plan lounge
A fifth-floor, two-bedroom apartment in The Grainger offers striking river views and modern, move-in-ready accommodation. The open-plan living area and recently fitted bathroom and kitchen present a low-fuss home ideal for someone buying their first property or seeking a lettable asset.
Practical features include lift access, an allocated covered parking bay plus visitor parking, secure intercom entry and well-kept communal grounds. The long lease (127 years) and modest ground rent reduce common leasehold risks, while service charges (approx. £2,940 pa) cover communal maintenance for the complex.
Buyers should note the property uses electric room heaters rather than a mains gas central heating system, and it sits in an area with higher crime and wider deprivation indicators. These factors may influence running costs and resale or rental appeal in some market segments. Overall this is a straightforward, renovated riverside apartment offering clear appeal to first-time buyers and investors prepared to factor local-area challenges into their plans.
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