Low-price auction lot with rental potential and low charges.
Two double bedrooms, open-plan living and dining
A compact two-bedroom apartment on the second floor of a lift-served block, offering straightforward, low-maintenance living or rental potential. The flat has been updated with rewiring, new radiators and double glazing, and comes with white goods in place — ready to occupy or let.
Located close to local amenities and transport, this property offers easy access to Gateshead landmarks and commuter routes. At an advertised rental estimate of around £650pcm it presents a clear income opportunity against a low purchase price and modest running costs (service charge £1,056pa; ground rent £10pa).
Buyers should note this will be sold via online auction with fees payable and that the surrounding area is classified as very deprived with above-average crime levels. The lease has approximately 105 years remaining and the building dates from the 1950s–1960s with cavity walls assumed uninsulated and a community heating scheme in place.
This lot suits investors seeking an affordable entry into the local rental market or first-time buyers able to accept a tougher neighbourhood and auction purchase process. View the legal pack and factor auction fees and any planned maintenance or insulation upgrades into your offer.