Auction sale; cash buyers only — short lease and refurbishment potential..
- Ground-floor two-bedroom flat with lounge and separate dining room
- Driveway to front and private rear garden
- EPC rating C; double glazing and gas central heating
- Leasehold with 52 years remaining (July 2025) — lenders likely to refuse
- For sale by auction; successful buyer pays £2,400 administration fee
- No service charge; ground rent £20 per year
- Area has above-average crime and higher deprivation
- Suitable for cash buyers or investors planning refurbishment
A ground-floor two-bedroom flat in Fenham offered for sale by auction. The layout includes a lounge, separate dining room, kitchen, two bedrooms and a bathroom, with a private rear garden and a driveway to the front. Practical features include mains gas central heating, double glazing and an EPC rating of C.
This property will suit a cash buyer, a cash investor or a buyer able to accept short leases. The 52-year lease remaining (as at July 2025) is a material drawback: many mortgage lenders will refuse to lend, and lease extension costs should be investigated carefully prior to purchase. The successful buyer will also pay the auction administration fee of £2,400 (including VAT).
Location benefits include close public transport links to Newcastle city centre and the A1/A69 corridors, fast broadband and good mobile signal. Local schools include several rated Good or Outstanding, and day-to-day amenities are within walking distance. Note the area records above-average crime and higher relative deprivation; factor this into any letting, resale or renovation plans.
Mechanically the property appears functional but dated in places — it presents an opportunity for refurbishment to improve living standards or rental return. A mining search is recommended for the region and legal verification of lease terms, rights and obligations is essential before committing to a bid.