Summary - 9 The Grainger, North West Side NE8 2BG
2 bed 1 bath Apartment
Auction sale: riverside two-bedroom with balcony, garage and 129-year lease — investor opportunity.
Spacious balcony with panoramic River Tyne views
Secure garage parking included
625 sq ft, two bedrooms, one bathroom — average-sized apartment
Leasehold with 129 years remaining; sold at auction
Electric room heaters; no gas central heating present
Located in a deprived area with high local crime rates
Double glazing present but install date unknown; survey recommended
Fast broadband, excellent mobile signal; low council tax band
A well-located two-bedroom apartment in The Grainger, offered at auction with a 129-year lease. The flat occupies an average-sized 625 sq ft footprint and benefits from a large balcony with River Tyne views, modern build (2003–2006) and secure garage parking — features that strengthen rental and resale appeal in the major conurbation of Gateshead.
Practicalities are straightforward: double glazing (install date unknown), electric room heaters and mains electricity supply, and one bathroom. Council tax is low, broadband speeds are fast and mobile signal is excellent, which helps long-let desirability. The property has a contemporary feel and suits buyers prepared to make modest updates or let as-is to tenants seeking easy-maintenance city living.
Material considerations are disclosed plainly. The area records high crime and significant deprivation, and the local classification indicates hampered neighbourhoods — factors that will affect rental yields, insurance costs and buyer demand. Heating is electric room heaters rather than gas central heating, and the timber-frame construction and glazing dates are assumed/unknown, which may concern some purchasers or require survey verification.
This apartment is best suited to investors targeting turn-key city lets or buyers who can accept the auction route and local market risks in exchange for a competitively priced riverside home. Clear lease length (129 years) and garage parking are strong positives; buyers should budget for a full survey and factor local area issues into valuations and management plans.
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