Summary - 12 Wallace Street NE2 4AU
2 bed 1 bath Apartment
Cash buyers or investors preferred for short-lease city living near amenities.
Upper two-bedroom flat, approximately 679 sq ft
This upper two-bedroom flat sits in a sought-after, student-and-professional neighbourhood close to Newcastle city centre. The apartment offers a practical layout with a living room, kitchen, two bedrooms and a bathroom across approximately 679 sq ft. Double glazing and mains gas central heating give immediate comfort, and a shared garden provides outdoor space in the block.
The property is attractive for cash buyers or investors seeking a city-centre rental with low running costs — council tax band A is very cheap and broadband and mobile signal are good. The building is established and solid-brick, and the flat has modern finishes such as wooden flooring in the living area.
Important: the lease has 62 years remaining. Mortgage lenders are likely to refuse lending at this lease length, so purchasers should be prepared to buy with cash or confirm lending options before progressing. A public offer of £80,500 has been received; higher offers must be made before contracts are exchanged.
There is scope to add value through refurbishment and insulation improvements (solid brick walls assumed uninsulated). Viewing is recommended to assess room sizes and layout in person.
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2 bedroom flat for sale in Wallace Street, Newcastle Upon Tyne, NE2 — £72,500 • 2 bed • 1 bath • 679 ft²
2 bedroom apartment for sale in Bradwell Road, Newcastle Upon Tyne, NE3 — £69,950 • 2 bed • 1 bath • 410 ft²
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2 bedroom apartment for sale in Kelvin Grove, Sandyford, Newcastle Upon Tyne, NE2 — £165,000 • 2 bed • 1 bath • 689 ft²
2 bedroom flat for sale in Leazes Terrace, Newcastle upon Tyne, Tyne and Wear, NE1 — £275,000 • 2 bed • 1 bath • 919 ft²
