Summary - 86, Lisle Grove NE28 0LS
2 bed 1 bath Apartment
Affordable two-bedroom starter with long lease and low running costs.
Two double bedrooms in a light first-floor layout
Chain free and ready to move into
125-year lease from 2018 (≈118 years remaining)
Low ground rent £10 per year; service charge £348.20 (includes insurance)
Council Tax Band A — very low running cost
Howdon Metro ~0.75 mile; good bus links and local shops
Area: high crime and very deprived — may affect resale/rental demand
Approx 636 sq ft; communal front and rear gardens
This first-floor two-bedroom flat on Lisle Grove offers an affordable, move-in-ready option for a first-time buyer or investor. The accommodation is well presented with neutral décor, double glazing and a modern energy rating (C). Living space is comfortable for the size, with a light lounge, fitted kitchen, and two double bedrooms.
Practical running costs are a strength: council tax is in Band A and the service charge is £348.20 per year (includes buildings insurance). The lease is long (125 years from 2018, c.118 years remaining) with a low annual ground rent of £10. Howdon Metro is about 0.75 mile away and local shops, schools and frequent bus services are within easy reach.
Buyers should be aware of the local context. The area records higher crime levels and ranks as very deprived, which may affect resale and rental demand. The flat is average in size (c.636 sq ft) with modest communal gardens and standard post‑war construction; it is presented well but does not offer exceptional views or premium finishes.
Overall this property presents a practical, low-cost entry onto the ladder or a straightforward lettable asset for investors seeking a compact two-bedroom flat with long lease and low ongoing charges. Prospective purchasers should factor area characteristics into their plans and carry out standard surveys and local checks.
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