Auction sale — affordable two-bedroom apartment with vacant possession and investment potential.
Chain-free apartment sold at auction, vacant possession
Two bedrooms, separate reception and kitchen, approx 715 sq ft
EPC C and Council Tax Band A — low running costs
Leasehold; 118 years remaining — check charges before purchase
Post-war brick block; double glazing fitted after 2002
Renovation needed internally; factor refurbishment costs
Area classified as deprived with high local crime rates
No flood risk; fast broadband and excellent mobile signal
This two-bedroom leasehold apartment in Kenton is offered chain-free and will be sold at auction — a straightforward purchase for a cash buyer or investor. At about 715 sq ft with an EPC C and Council Tax Band A, the flat offers affordable running costs and decent energy performance for its age. The block is a 1950s–1960s purpose-built brick building with double glazing fitted post-2002 and mains gas central heating.
Internally the layout is traditional and practical: a reception room with town moor views, a separate kitchen, two bedrooms and a bathroom, plus a small utility area. The accommodation is average-sized and suits first-time buyers seeking an entry-level home or landlords looking for an affordable buy-to-let in a well-connected part of Newcastle.
Buyers should note clear drawbacks: the wider area and local neighbourhood are classified as deprived with a high crime rate, and the block’s external fabric is post-war solid brick with assumed no wall insulation. The property description and images indicate some renovation is needed internally, so factor refurbishment costs into your budget. Leasehold with 118 years remaining — a viable term but check ground rent and service charges before bidding at auction.
This is a value-led opportunity: low asking price, vacant possession and a popular Kenton location with fast broadband and excellent mobile signal. It will suit cash buyers, first-time buyers prepared to refurbish, or investors targeting affordable rental stock, provided they accept the local area challenges and allow for improvement works.