Auction sale two-bedroom ground-floor flat for refurbishment with garage and long lease, suited to investors..
Two bedrooms ground-floor flat, circa 504 sq ft
Requires full refurbishment throughout, cosmetic and likely updating
Long lease: 981 years remaining (from 2007 lease start)
EPC Rating C; gas central heating and UPVC double glazing present
Sold at auction — legal and survey checks essential beforehand
Includes garage and shared rear garden; rear UPVC door access
Located in a very deprived area with high local crime levels
Small council tax Band A; good mobile signal and fast broadband
A two-bedroom ground-floor flat in Byker offered for sale at auction, presented as a straightforward refurbishment project. The accommodation includes a hallway, lounge, rear kitchen with built-in hob and oven, two bedrooms and a bathroom. The property benefits from gas central heating, UPVC double glazing and an EPC rating of C.
Set within a mid-terrace block built in the late 1960s–1970s, the flat sits on a long lease (981 years remaining) and includes access to a shared rear garden and a garage. The total internal area is small (circa 504 sq ft), making the layout economical but limited in space.
This is a clear value play for buyers prepared to invest in updating finishes and services. Sale by auction and the leasehold tenure should be verified by a solicitor before bidding. Note the area is classified as very deprived with higher local crime levels, which will affect rental demand and resale perceptions.
Practical positives include low council tax (Band A), excellent mobile signal and fast broadband. The flat is close to local amenities, bus routes and a mix of primary and secondary schools, which helps keep it lettable once refurbished.