1 bed flat for sale

Mather Road, Newcastle NE4

Ideal opportunity for investors, developers, or firsttime buyers looking for a project.

This onebedroom first-floor flat is offered for sale by public auction and presents a fantastic chance to add value through upgrading and modernisation.

Positioned within a residential block and close to local amenities and transport links, the property provides a blank canvas for refurbishment. The layout currently includes a wellproportioned living room with open plan kitchen, a double bedroom, and a bathroom, all of which would benefit from updating. With thoughtful improvement, the flat has strong potential either as a buytolet investment or an affordable home.

Your gross rental yield on a purchase price of £30,000 with rent at £500 pcm is 20%, A 20% gross yield is exceptionally strong and would be considered a highreturn investment (subject to condition, voids, fees, and renovation costs).

Newcastle upon Tyne is a vibrant, welcoming city known for its iconic River Tyne bridges, lively Quayside, and friendly Geordie atmosphere. With a compact centre, excellent transport links via the A1(M), A19 and Metro system, plus quick access to shops, restaurants and cultural venues, it offers a dynamic lifestyle in a beautifully walkable city. Residents enjoy a rich blend of history and modern living, from Georgian streets and Victorian architecture to creative hubs like Ouseburn and the transformed Quayside. Extensive green spaces and proximity to the coast add to its appeal, making Newcastle a popular choice for students, professionals and families alike.

We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.

It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion. If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.

Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.

All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days. For these reasons, it is suitable for cash buyers only.