Summary -
4 Marlborough Crescent,GATESHEAD,NE9 7JY
NE9 7JY
2 bed 1 bath Flat
Two-bedroom buy-to-let with tenant in situ and refurbishment upside.
Long lease (960 years) and tenant in situ with reliable payments
Annual gross rental income £7,500 — immediate income stream
Private rear garden; lounge, kitchen and three-piece bathroom
On-street parking only; driveway/front garden need repair
Property shows dated finishes and reported damp in places
Located in a high-crime, deprived neighbourhood — lettability risk
Buyer’s Premium applies on purchase — include in cost calculations
Best suited to investors or developers seeking refurbishment potential
A two-bedroom leasehold flat in Marlborough Crescent, Gateshead, offered with a long lease (960 years) and a tenant in situ. The property produces an annual gross income of £7,500, making it a clear buy-to-let opportunity for investors seeking immediate rental return. The flat includes a lounge, kitchen, three-piece bathroom and a private rear garden; parking is on-street.
The location is in a higher-crime, economically deprived area and the building and grounds show signs of neglect in places — images note an unkempt front garden, driveway needing work and some dated/internal damp concerns. These issues reduce immediate appeal for owner-occupiers but create scope for refurbishment-led value uplift for a hands-on investor or developer.
Tenants have occupied the property for a year, pay rent reliably and do not intend to vacate, so the purchase would deliver income from day one. A Buyer’s Premium applies to secure the property — factor this and any refurbishment costs into your financial plan. Broadband and mobile signal are good locally, and nearby schools and basic amenities are within reach.
This property is best suited to investors or developers prepared to manage tenancy and carry out improvement works. It offers straightforward rental cashflow today and potential capital growth after targeted refurbishment, but also carries social and maintenance risks that will affect letting demand and resale timing.
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