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662 Durham Road, Gateshead, Tyne and Wear, NE9 6JA - Image 1
662 Durham Road, Gateshead, Tyne and Wear, NE9 6JA - Image 2
662 Durham Road, Gateshead, Tyne and Wear, NE9 6JA - Image 3

662 Durham Road, Gateshead, Tyne and Wear, NE9 6JA

North East

£50,000

Listed on 29/08/2026

The listing

Property details

Bedrooms
2
Type
Flat

Description

This two-bedroom flat, situated under a Tyneside lease arrangement, presents a solid opportunity for renovation and investment. Although it requires some updating, its convenient location near the local amenities of Low Fell offers significant potential for future growth. The property is currently vacant, making it an ideal option for immediate occupancy or rental. The flat features a simple layout that can be easily modernized to enhance its appeal. With an Energy Performance Certificate (EPC) rating of E, there is room for improvement in energy efficiency, which can further increase the property's value. Offered at auction, this flat is a promising prospect for those looking to invest in the North East market.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

52out of 100
Grade DWeak opportunity

Confidence: LOW

This two-bedroom flat in Low Fell presents an interesting opportunity for those looking to invest in a renovation project. Priced at £50,000, the asking price is significantly below the local average of £206,937, making it an attractive entry point for potential buyers. While the flat does require updating throughout, this offers a canvas for buyers to modernize and add their personal touch. The general wear and dated finishes observed in the living spaces and bedrooms reflect the potential for improvement and value creation.

The exterior and roof are noted to be in good condition, which is a positive aspect, while the basic kitchen setup and functional but dated shower room suggest areas where enhancements can be made. With a renovation budget estimated between £20,000 to £50,000, there is ample scope to transform this property into a more desirable living space. Located conveniently near local amenities, this flat combines a good location with a solid opportunity for those willing to undertake the necessary work.

Key opportunities

  • The low asking price allows for a potential value increase through renovation.
  • Opportunity to modernize dated interiors and create a personalized living space.
  • Good location near amenities adds to the property’s appeal.

Key risks

None recorded.

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Map

Location

662 Durham Road, Gateshead, Tyne and Wear, NE9 6JA
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£189
Based on a loan of £37,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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