Brighton Road, Gateshead NE8 2 bed flat for sale

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Brighton Road, Gateshead NE8 2 bed flat for sale

Brighton Road, Gateshead, NE8
£50,000

Price History

Initial price £70,000
03/10/24 £65,000
24/01/25 £59,950
13/05/25 £50,000
Price Change -28.57%

Description

This ground floor flat is being sold as seen, including its contents, and is an ideal opportunity for investors or first-time buyers. The property requires some updating, but its location and potential for rental income make it a promising investment. The flat is currently let out for up to £750 per month, depending on the standard of the property. With a lease of 999 years from September 1989, there are approximately 964 years remaining, and no ground rent or service charges are payable. The property falls into Council Tax Band A, making it an attractive option for those looking to purchase a property in this area.