Summary - 79 Marshall Wallis Road NE33 5PR
2 bed 1 bath Flat
Income-producing two-bedroom lot ideal for hands-on investors at auction.
- Currently let at £625 pcm providing immediate income
- Freehold upper flat in Victorian mid-terrace
- Gas central heating and double glazing installed
- Sold at auction; reservation fee applies
- Solid brick walls; likely no wall insulation
- Requires modernisation and some repair work
- Very high local crime and very deprived area
- Low council tax band (cost saving)
A two-bedroom upper flat in a Victorian mid-terrace, offered freehold and sold at auction with a reservation fee. The property is currently let at £625pcm, giving immediate rental income and straightforward investor appeal. The layout includes lounge, kitchen, two bedrooms and a bathroom across approximately 862 sq ft.
The flat benefits from gas central heating and double glazing, and sits in a well-connected urban location with fast broadband, excellent mobile signal and nearby train and bus links. Local amenities and several good primary and secondary schools are within easy reach.
Buyers should note the building dates from 1900–1929 and has solid brick walls with assumed no insulation; the property needs some modernisation and repair to maximise value. The surrounding area is classed as very deprived with very high crime statistics, which may affect tenant demand and resale value. Flood risk is low.
Investors should confirm tenancy details, income sustainability and any auction conditions before bidding. The low council tax band and freehold tenure are practical benefits, but budget for refurbishment and potential security-related improvements.
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