Summary - 404, Sunderland Road NE8 3QP
4 bed 1 bath Maisonette
Long lease four-bed with renovation potential in well-connected Gateshead location.
- Four bedrooms across two floors, suitable for multiple tenants
- Spacious lounge and high ceilings retain period character
- Private rear yard; useful outdoor space for tenants
- Long lease: 999 years remaining from 2013
- Sold at auction; buyer pays £2,000+VAT administration fee
- Single shower room only; may limit HMO potential without changes
- EPC E and likely uninsulated solid walls; energy upgrades needed
- Local area: very deprived with high crime statistics
This upper maisonette on Sunderland Road is a straightforward buy-to-let or renovation project in a well-connected Gateshead location. The property offers four bedrooms, a large lounge, a compact kitchen, shower room and a private rear yard spread over circa 1,045 sq ft. Transport links, local shops and nearby schools make the location convenient for tenants.
The building is a Victorian mid-terrace with solid brick walls, high ceilings and period bay windows that give scope to enhance character and rental appeal. The long lease (999 years remaining) removes short-lease risk. Broadband and mobile coverage are strong and council tax is low (Band A), which helps running costs for landlords or owner-occupiers.
Important points for buyers: the area has above-average crime and is classified as very deprived, so pricing, tenant screening and rental expectations should reflect local market conditions. The internal presentation is dated and the property will require modernization to maximise income or owner comfort. The EPC is E and the walls are likely uninsulated, so energy upgrades may be needed.
This sale is by online auction with a guide price and a purchaser administration fee payable on completion. The property will be sold as offered; buyers should carry out legal checks, factor in auction fees, and budget for refurbishment works before bidding. For investors seeking a centrally located, long-lease four-bed with uplift potential, this presents a clear entry point at the guide price.
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