Summary - 55 BARRASFORD STREET WALLSEND NE28 0JZ
2 bed 1 bath Ground Flat
Auction sale; immediate income stream in a period terrace location.
Tenant in situ — immediate rental income potential
Set on the ground floor of a period terrace, this two-bedroom flat offers a straightforward buy-to-let opportunity in Wallsend. The property is currently let, providing immediate rental income and will be sold at auction — attractive to investors seeking a quick acquisition. Heating is mains gas with a boiler and radiators; windows are double glazed (installation date unknown).
The accommodation includes two bedrooms, a reception room, a fitted kitchen and a bathroom. Interiors are compact and partially carpeted; the building dates from c.1900–1929 and has solid brick walls assumed to lack insulation, so there is scope to improve thermal efficiency and reduce running costs. Council Tax band A keeps ongoing charges low.
Material points to note: the flat is leasehold, sits in an area with high crime and significant deprivation, and will be offered at auction — buyers should check lease terms, tenancy details and local factors before bidding. The flat’s period construction and rental income make it suitable for investors prepared to manage tenancy and consider targeted upgrades to increase value and efficiency.
Local amenities include parks, schools (several rated Good), shops and regular bus links. Broadband speeds are fast and mobile signal is excellent, supporting tenant demand for connectivity.
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