Old Durham Road

Upper 2-Bedroom Flat on Old Durham Road, Gateshead – Investment Opportunity This upper 2-bedroom flat on Old Durham Road, Gateshead, is an ideal investment, listed at £65,000. Located in a popular area, this property offers significant potential for value appreciation with some modernisation. Featuring a spacious lounge, a double bedroom, a single bedroom, and a large bathroom, it provides ample living space for potential tenants or future buyers. Investment Highlights Price: £65,000. Modernisation Required: Opportunity to add value with updates Tenure: Leasehold with 982 years remaining (999-year lease from 2007) Previous Sale: Last sold for £80,000 on 10/10/2007 Property Details Floor Area: 688 ft² / 64 m² Plot Size: 0.02 acres Bedrooms: 2 (1 double, 1 single) Large Bathroom and lounge Council Tax Band: A (estimated at £1,634 annually) EPC Rating: Current 60 | D, Potential 76 | C Local Information Local Authority: Gateshead Conservation Area: No Flood Risk: Very low for surface water, no risk from rivers or seas This property presents a promising investment with a long lease term, affordable price, and potential for upgrades to increase its rental yield and market value. Contact us for further details or to arrange a viewing. Click here to view full buyers information pack