Summary - 56, OLIVE STREET NE33 4RH
2 bed 1 bath Flat
Low-price two-bed ground-floor flat ideal for budget buyers or renovation projects.
Two ground-floor bedrooms in Victorian terraced building
A ground-floor two-bedroom flat in a Victorian terrace, offered at an affordable price point for buyers prepared to invest some time and work. The property sits close to Stanhope Road shops and bus links, with Tyne Dock Metro within easy reach — convenient for commuting or local amenities. Heating is mains gas via boiler and radiators; glazing is double glazed though installation date is unknown. Council tax band A makes ongoing costs low.
The accommodation is compact with modest ceiling heights and small rooms; the current layout is used as a one-bedroom with two reception rooms, so there is flexibility to reconfigure to suit needs. The building is solid brick and likely lacks wall insulation, so buyers should expect potential improvement costs to upgrade thermal efficiency and reduce running costs. EPC D indicates average energy performance.
Important negatives are factual: the area shows high crime statistics and very high deprivation, and the property appears dated with signs of potential damp externally and small room sizes. The flat will suit someone seeking an inexpensive starter home or a renovation/investment project, not a move-in-finish property. Tenure is understood to be freehold but should be legally confirmed.
Viewings are recommended to assess space, condition and suitability in person. Buyers looking for a low-entry purchase with scope to add value — whether through modest refurbishment or reconfiguration — will find this property worth consideration; however, factor in area challenges and likely retrofit costs when deciding.
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