Auction sale with rental potential and urgent lease extension required.
Three bedroom upper flat, approx 699 sq ft
A three-bedroom upper flat offered for sale by online auction, presenting a low-entry opportunity close to Wallsend amenities and transit routes. The property includes an open-plan lounge/kitchen, family bathroom, and both front and rear garden space — practical for tenants or a small family. EPC rated C and mains gas central heating are positives for running costs.
Key value drivers are the modest guide price and potential rental income (circa £695 pcm), making this suitable for investors or first-time buyers prepared to act quickly. The flat is small at around 699 sq ft but laid out as a straightforward multi-room upper apartment with on-street parking and good mobile and broadband connectivity.
Buyers should note material drawbacks: the lease has approximately 83 years remaining and will need renewing soon; this is a significant legal and cost consideration. The area shows signs of economic deprivation and will suit buyers expecting lower-demand rental markets. Some construction details suggest cavity walls with assumed no insulation, so further energy-efficiency works may be required.
Sold via auction and offered leasehold with an annual service charge of £350 and low council tax (Band A), this property suits experienced landlords or purchasers seeking a project with immediate rental potential, but it is not a turnkey family home without further investment.