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2 bedroom flat for sale
Abbey Terrace, Shiremoor
£65,000
Abbey Terrace, Shiremoor
£65,000
Our Summary
- The flat offers no onward chain and would benefit from some cosmetic improvements
- Potential for couples, smaller families or buy to let, with potential rental income of approximately £600-£650pcm
Description
This spacious upper flat boasts an excellent location, with proximity to the Metro, bus routes, schools, shops, and major transport links. The property overlooks a green area and offers a generous lounge, kitchen, two bedrooms, and bathroom suite. Although it would benefit from some cosmetic improvements, it presents a great opportunity for couples, smaller families, or buy-to-let investors, with potential rental income of approximately £600-£650 per month. The property is leasehold with 999 years remaining from 1990, and the peppercorn ground rent is a nominal amount. The property is connected to mains services, including gas, electric, water, and drainage, and has double glazing and a gas radiator central heating system. While the property is not known to be on a coalfield, it's recommended to seek confirmation from a conveyancer regarding any potential impact from mining activity.