2 bedroom apartment for sale
Key information
Property description & features
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)
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. Contact us for further details or to arrange a viewing.
Council Tax Band: A
Tenure: Leasehold
Lease Years Remaining: 982
Ground Rent: £0.00 per year
Ground Rent Review Period: 0 years
Ground Rent Increase: 0%
Service Charge: £0.00 per year
Places of interest
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Property reference 12532726. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rent North East - Gateshead.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 20, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 17, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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