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2 bedroom flat for sale
Old Durham Road, Gateshead
£62,000
Old Durham Road, Gateshead
£62,000
Our Summary
- 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
- Investment Highlights Price: £65,000 Modernisation Required: Opportunity to add value with updates Tenure: Leasehold with 982 years remaining (999-year lease from 2007) Property Details Floor Area: 688 ft² / 64 m² 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 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
Description
This upper 2-bedroom flat on Old Durham Road, Gateshead, is an investment opportunity listed at £65,000. The property, which requires modernization, offers significant potential for value appreciation and provides ample living space with a spacious lounge, two bedrooms, and a large bathroom. With a 982-year lease remaining, the property is a long-term investment with potential for upgrades to increase its rental yield and market value. The property is located in a popular area and is estimated to have a council tax band of A, with an annual cost of £1,634. The Energy Performance Certificate (EPC) rating is currently 60 (D) but has potential to be upgraded to 76 (C) with modernization.