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2 Bed Flat, Potential PLO/LOA, Gateshead, NE8 2BG £105,000

The Grainger, Gateshead, NE8 2BG - 11 days ago
  1. Deal Search
  2. Gateshead
  3. NE8
  4. NE8 2BG
Leasehold
Auction
Negative Equity
ROI: 5%
~68 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Property History

Listed for £105,000

-46%

November 25, 2025

Sold for £153,000

2005

Floor Plans

Description

  • MODERN TWO BED APARTMENT +
  • RIVER VIEWS +
  • 2 BALCONIES +
  • LARGE MODERN KITCHEN +
  • OPEN PLAN LARGE LIVING AREA +
  • ALLOCATED PARKING +
  • IDEAL INVESTMENT PROPERTY +

Conditional Auction (option 2)   Online bidding will be opening 17th December 9:00am   Disclaimer One  This property is to be sold via conditional auction (option 2). The successful buyer will need to pay a non-refundable deposit of £3,000.00, this deposit will form part of the purchase price of the property. After the deposit has been taken the buyer will then have 28 days to exchange contracts. After the exchange of contracts this purchase must complete no later than 14 days from this date.   Disclaimer Two  Every auction property comes with a guide price and a reserve price. The guide price sets the starting point for bidding, while the reserve price represents the minimum price that the seller is willing to accept at auction. The auctioneer is not allowed to sell the property below this reserve price. The reserve price is not revealed to the public and is kept confidential between the seller and the auctioneer. It may be up to 10% higher than the guide price.  Please note that both the guide price and the reserve price are subject to potential changes leading up to and including the day of the auction.  Disclaimer Three  At your request we can refer you to a Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.  Reservation Fee  This property is sold subject to a non-refundable reservation fee of £2,400.00 inc VAT (£2,000.00 plus VAT) The reservation fee does not form part of the purchase price.  Legal Pack  A legal pack will be available to download before the auctions end date.We strongly recommend all buyers to familiarise themselves with the legal pack prior to bidding.  Registration   To register to bid for this property please copy the link below into your browser.  northwoodauctionne.com  Particulars  We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.  This immaculate two-bedroom flat is offered for sale in the sought-after North West Side of Gateshead. The property features an open-plan kitchen and reception area with large windows, providing a bright and airy living space. There is one double bedroom, a second bedroom, and one bathroom, along with convenient parking. Located within easy reach of local amenities, residents can enjoy the shops and cafés along Gateshead High Street, as well as nearby Saltwell Park, a popular green space ideal for leisure and recreation. The flat’s location offers excellent public transport links: Gateshead Metro station is within walking distance, providing quick access to Newcastle city centre in approximately 5 minutes and connections to Sunderland in under 30 minutes. Several bus routes operate locally, giving further travel options across the region. The property holds an EPC rating of C and falls within council tax band B. With its combination of open-plan modern living, practical features, and excellent transport links, this flat presents an appealing opportunity for first time buyers and investors seeking a property in a well-connected area of Gateshead. Material Information: Tenure – Leasehold  EPC Rating – C Council Tax Band - B Currently achieving £650.00 p/m EPC rating: C. Tenure: Leasehold,

Agent Details

Northwood Urban Base Executive, Durham

0191 545 1005

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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