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2 bedroom apartment 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 OpportunityThis 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 HighlightsPrice: £65,000 Modernisation Required: Opportunity to add value with updates Tenure: Leasehold with 982 years remaining (999-year lease from 2007) Property DetailsFloor 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 InformationLocal 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 attractive investment opportunity listed at £65,000. The property, which features a spacious lounge, two bedrooms, and a large bathroom, offers significant potential for value appreciation with some modernisation. With a leasehold tenure and 982 years remaining, this property provides a long-term investment with minimal ground rent and service charges. The flat has a floor area of 688 square feet and is located in a popular area, making it an ideal choice for potential tenants or future buyers. With an estimated annual council tax of £1,634 and an EPC rating of 60, this property presents a promising investment with potential for upgrades to increase its rental yield and market value.