Initial price	£55,000
30/08/24	£50,000
Price Change	-9.09%

This one-bedroom second-floor flat is located in the popular Fellgate Estate, close to local schools, shops, and Fellgate Metro, offering links to both Newcastle and Sunderland. The property provides an ideal investment opportunity, with a tenant currently residing in the flat and paying £475 PCM. The flat features a spacious lounge/diner, modern kitchen, shower room, and one bedroom, with uPVC double-glazed windows and electric heating. The property also benefits from a communal grassed area and a single garage in a separate block. The flat has a lease of 105 years remaining from 2005, with a service charge of £110 PCM, which is currently being reviewed. The owners are seeking a new management company to reduce the monthly service charge. The property is in Council Tax band A and has an EPC rating of D (58). Viewings can be arranged by contacting the office, and a virtual tour is available to view on the agent's website and social media channels.