Summary - 62 KENILWORTH COURT WASHINGTON NE37 3EG
3 bed 1 bath Apartment
Auction lot with refurbishment potential — lease has 85 years, urgent renewal needed..
- Three-bedroom maisonette over two floors with balcony
- New boiler and new double glazing units installed
- Chain-free; offered at auction (starting bid £26,000)
- 85 years remaining on lease — urgent renewal likely required
- Annual service charge approx £1,932; ground rent £10 pa
- Communal gardens; on-street parking only
- Area shows very high deprivation and elevated crime levels
- Small overall size (approx 534 sq ft) — compact rooms
A three-bedroom maisonette arranged over two floors, offered for sale by online auction with a starting bid of £26,000. The property is presented with a new boiler and new double glazing units, a balcony off the open-plan living/kitchen and communal gardens outside. It is chain-free and located within walking distance of Concord town centre with good road and bus links to Sunderland and Newcastle.
This lot is likely to appeal to investors or an experienced buyer prepared to act quickly. The flat currently provides straightforward accommodation — open-plan lounge/kitchen, a downstairs bathroom and separate WC, plus built-in wardrobes in the principal bedroom. Council tax is low, broadband and mobile signal are good, and the block has on-street parking.
Important drawbacks are material: the lease has only 85 years remaining, which will require prompt attention and cost to extend; the annual service charge is high at £1,932 and ground rent is £10 per year. The wider area shows very high deprivation and higher crime levels, which will affect resale and rental quality and yields.
Sold at auction, buyers must allow for the sale terms and T&Cs. For an investor this could be a value purchase with refurbishment potential and immediate rental prospects; for an owner-occupier it’s a low-entry option but one that demands planning and funds for lease extension and ongoing service charges.
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