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For saleReduced 21 Oct 2026
£45,000Offers over

Arklecrag, Washington, NE37 1RB

2bedrooms
1bathroom
Flattype
603sq ft
Leaseholdtenure

Listed 12 Jul 2026 · price reduced 21 Oct 2026 · Washington

How the price compares

This home£45,000£75 per sq ft
Median 2 bed in NE37£65k15 homes listed · £112 per sq ft
Difference-31%below the area median

Key features

  • Street Parking
  • Buy-to-Let Opportunity
  • Tenant Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

About this home

Our latest listing is a 2 bedroom flat located in Washington. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, lounge, kitchen, bathroom, and street parking.

Investment details

It currently produces an annual gross income of £7,200 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

There are tenants that currently reside in the property and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Property details

Property type
Flat
Size
603 sq ft / 56 sq m
Council tax band
A
Tenure
Leasehold
Parking
Yes

Floorplan

Floor Plan

Location

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  • Pelaw Metro Station3.1 mi
  • Heworth Station3.3 mi
  • South Hylton Metro Station3.5 mi

What nearby homes sold for

Median sold prices in NE37 over the last 12 months: semi-detached £170k · terraced £120k · flat £35k · detached £368k.

AddressTypeSoldPrice
10 Arklecrag
Washington NE37 1RA		Terraced
Freehold		30 Mar 2026£95,000
25 Arklecrag
Washington NE37 1RA		Other
Freehold		11 Oct 2024£95,000
1 Arklecrag
Washington NE37 1RA		Terraced
Freehold		1 May 2024£63,000
29 Arklecrag
Washington NE37 1RA		Terraced
Freehold		9 Apr 2024£100,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in NE37

Buying costs

Monthly repayment£225£4,500 deposit · £40,500 loan
Stamp Duty£0England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Let Property Sales & Management, Glasgow on Rightmove (original listing). First listed 12 Jul 2026; details checked 7 Nov 2026. Latest change: reduced on 21/10/2026.

Agent disclaimer

Disclaimer - Property reference 227029585. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Let Property Sales & Management, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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