Social housing provider Keelman Homes has purchased its first non-ex-local-authority property through its 2015-2018 Empty Homes Programme.
The one-bedroom new-build property is situated on Whitewell Road on the former Bleach Green Estate in Blaydon.
The property, which has already been left, has an allocated parking space, UPVC windows, high-efficiency boiler, central heating and carpets throughout.
All properties in the Empty Homes Programme are acquired by Keelman Homes, refurbished to a high standard, then let at affordable rates.
Keelman Homes has delivered 19 properties to date through the programme and has recently been awarded an additional grant from the Homes and Communities Agency (HCA) for a further 20 homes.
The programme will bring approximately £2.8m of housing investment into Gateshead by March 2018, and provide a range of affordable-rent properties to people registered on the Housing Register.
Amanda Gallagher, Development and Investment Manager for Keelman Homes, said: "This property is in great condition and will make a lovely home.
"It's wondeful to see the Empty Homes Programme making a positive difference in local communities."