Description
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.
Address
Open on Google Maps- Address Old Durham Road
- City Bensham, Deckham
- County Tyne & Wear
- Postal Code NE8 4BQ
- Country United Kingdom
Details
Updated on November 5, 2024 at 4:10 pm- Property ID: 306ODR
- Price: £65,000
- Bedrooms: 2
- Room: 1
- Bathroom: 1
- Property Type: Upper Floor Flat
- Property Status: For Sale
Overview
- Upper Floor Flat
- 2
- 1
