Summary - 3, WELLINGTON PLACE, PRIORY ROAD NE32 3QR
2 bed 1 bath Flat
Low-cost two-bedroom flat with parking and strong transport links — ideal for investors..
Price guide £55,000 — recent offer received at £47,500
Small overall size — c.521 sq ft, two bedrooms
Leasehold: 125-year term from 6 April 2006
Public notice/repossession present — offers procedure applies
No central heating system specified; electric heaters assumed
Off-street parking; double glazing; EPC: C
High local crime and very deprived area — impacts resale/rental
Close to A19, Jarrow Metro, River Don and local amenities
This compact two-bedroom first-floor flat (approx. 521 sq ft) is offered at a low guide price, presenting clear short-term opportunity for an investor or buyer prepared to manage leasehold responsibilities. The building is modern (2003–2006), double-glazed and has a C-rated EPC; the kitchen and living space are in good order and ready for immediate occupation or letting.
Important considerations are factual: the property is leasehold (125-year term from April 2006) and a public notice / repossession offer has been lodged, so prospective buyers must follow the required offer procedures. There is currently no central heating system specified (electric heaters are assumed), and the wider area records high crime levels and significant deprivation — these factors will affect rental demand, insurance and future resale values.
Practical positives include off-street parking, easy access to the A19 and Jarrow Metro, average broadband and excellent mobile signal, plus nearby amenities, nature walks along the River Don and several well-rated schools. Council Tax Band A keeps holding costs low, and the low asking price may suit buy-to-let buyers or cash purchasers prepared to refurbishment and lettings management.
Overall, this is a low-cost, small footprint flat with immediate access to transport and local amenities. It will suit investors seeking an entry-priced rental, or first-time buyers comfortable with leasehold purchase work and the local area context.
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