Initial price	£55,000
01/02/25	£50,000
15/07/25	£40,000
Price Change	-27.27%

This first-floor flat offers fantastic potential for refurbishment and is ideal for investors or first-time buyers. The property requires some updating and offers a blank canvas to unleash your creativity and turn your renovation dreams into reality. Similar flats in the area let between £500 to £600 per month, depending on condition. The property is included in the proposed additional HMO and selective licensing schemes being introduced by Gateshead Council in June 2025, and a selective landlord licence will be required from October 2025. The property comprises an entrance lobby, stairs to a first-floor landing, two bedrooms, a lounge, kitchen with oven and hob, and a bathroom with an over-bath shower. The property is on a 999-year lease with approximately 981 years remaining, with no ground rent or service charges applicable.