2 bed flat for sale

5 Burnway, Washington, Tyne And Wear NE37

For sale by online auction on Tuesday, 17 Mar 2026 ending at 13:02

Auction Opportunity – Two Bedrooms, Private Garage & Scope to Add Value

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An excellent opportunity to acquire a two-bedroom first floor flat with garage, offered for sale by auction and ideally suited to investors, developers, or cash buyers seeking a value-add project.

The property is arranged on the first floor and briefly comprises: Entrance hall, spacious living room, fitted kitchen, two bedrooms, and a bathroom. Externally, the flat benefits from communal lawned gardens and the added advantage of a separate garage, providing valuable parking or storage space.

While the property would benefit from cosmetic updating and modernisation, it offers strong potential to enhance value and rental yield once refurbished.

Key Features:

First floor two-bedroom flat

Garage included

Leasehold with approximately 40 years remaining

Living room, kitchen, bathroom & two bedrooms

Communal gardens

Scope for refurbishment and capital growth

Ideal investment / development opportunity

The short lease length has been reflected in the attractive guide price. Interested parties are advised to seek independent legal advice regarding lease extension options prior to bidding.

Tenure: Leasehold

Energy Rating: C (70) | Potential C (76)

Early viewing is strongly recommended. For sale by auction – terms and conditions apply.Tenure: LeaseholdEPC Rating: C

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Additional Fees
Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.