Summary - 6, Earsdon Road NE3 4TY
2 bed 1 bath Flat
Auction sale with vacant possession; ideal for cash buyers or investors.
Two bedroom upper flat, approximately 677 sq ft
A spacious two-bedroom upper flat on Montagu Estate offering 677 sq ft of practical living space and vacant possession. The property includes a reception room, kitchen, bathroom, outside veranda, garden and off-street parking — useful lettable features for an investor or cash buyer.
Key positives include low Council Tax Band A and mains gas central heating; the EPC D rating presents scope for energy improvements that could raise rental income or resale value. Constructed between 1930–1949, the flat retains period proportions but will need some exterior and interior maintenance.
Important drawbacks are material: the lease has only 48 years remaining and the property will be sold at auction. Many mortgage lenders are likely to refuse lending on such a short lease, so purchase will suit cash buyers or those able to use specialist lending. The surrounding area is classified as deprived and crime is above average, which may affect rental demand and yields.
This is a clear investor/refurbishment opportunity: buy at auction, carry out energy and cosmetic upgrades, then rent or sell. A practical, honest assessment of costs and the lease situation is essential before bidding.
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