Ready-to-rent or move-in, long lease and low running costs for budget buyers.
- Two bedrooms, ground-floor flat, approx 62 sq m (667 sq ft)
- Recently redecorated with new carpets and modern kitchen
- Long lease (~960 years); no ground rent or service charges stated
- Valid EICR until 7 Nov 2029; EPC rating C
- Gas central heating (Baxi boiler) and double glazing throughout
- Small kitchen and compact living spaces; limited internal size
- Solid brick walls likely lack cavity insulation; may need upgrades
- Local area: very deprived with higher crime levels (practical impact)
This ground-floor two-bedroom flat on Northbourne Street offers an affordable entry into Gateshead with a long lease and no onward chain. Recently redecorated with new carpets and modern kitchen fittings, the apartment is ready to occupy or let immediately. Its compact layout suits first-time buyers or landlords seeking a straightforward rental; similar flats in the area let for up to £700 pcm depending on standard.
Practical running costs are helped by a Baxi gas boiler, double glazing and an EPC rating of C. The property sits on a Tyneside lease with approximately 960 years remaining and no ground rent or service charges understood — favourable tenure details that simplify purchase. An Electrical Installation Condition Report is valid until November 2029.
Be realistic about limitations: the flat is average-sized with a small kitchen and an enclosed rear yard rather than garden. The building is an Edwardian mid-terrace with solid brick walls (likely little or no cavity insulation) so additional insulation improvements may be needed to optimise comfort and running costs. The local area is classified as very deprived and records higher crime levels, which may affect resale values and tenant demand in some segments.
Overall this property represents a low-cost, low-complexity purchase for someone seeking a ready-to-rent investment or an affordable first home. Its long lease, recent renovation and straightforward maintenance profile make it a practical choice; buyers should factor in local area challenges and possible future insulation or upgrade work when assessing long-term returns.
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