Summary - 15 MONKRIDGE COURT NEWCASTLE UPON TYNE NE3 1YW
2 bed 1 bath Apartment
Cash buyers or renovators will value the garage and transport links close by.
- Top-floor two-bedroom apartment, 583 sq ft
- Garage in block and communal gardens included
- No upper chain — immediate vacant possession
- 59 years left on lease — likely mortgage lenders refusal
- EPC rating F; electric storage heating, likely energy upgrades needed
- Built 1967–75; walls assumed uninsulated, refurbishment potential
- Unallocated off-street parking; council tax Band A (low)
- Local crime levels recorded as high; factor in insurance/rentability
A top‑floor two-bedroom apartment in South Gosforth offering clear investment potential and immediate possession. The flat occupies 583 sq ft, has a garage in a block, communal gardens and unallocated off‑street parking, and sits close to South Gosforth Metro and local shops — convenient for tenants or short‑term lets.
This property will suit a cash buyer or investor prepared to refurbish. Interiors are serviceable but dated: electric storage heating and an EPC rating of F indicate energy upgrades would be worthwhile. The layout is traditional with two double bedrooms, a lounge with a wide outlook and a compact kitchen and bathroom.
Buyers must note material drawbacks up front. The lease has 59 years remaining; many mortgage lenders will refuse finance on this term, so purchase is likely limited to cash buyers or those able to arrange specialist lending. The building dates from the late 1960s/early 1970s and walls are assumed to lack cavity insulation, so energy and improvement works may be needed.
Practical positives include very affordable council tax (Band A), low ground rent (£20 p.a.), an included garage and easy access to transport links. The location benefits from well‑regarded local schools and average broadband speeds. High local crime levels are recorded and should be considered when assessing rental yield and insurance costs.
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