Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
Arden Avenue, Brunton Park, Gosforth
£85,000 Offers over
Bedrooms
Bathrooms
Reception
Jan Mitchell Properties are delighted to offer for sale this well presented and priced two bedroom first floor flat with extended lease, no annual ground rent and garage, all offered with No Onward Chain situated on the leafy Longwood Close, Sunniside.
Internally the property has neutral d?cor throughout and briefly comprises:- Private entrance hall, landing with storage cupboard, fitted kitchen, lounge with pleasant outlook over the green behind, three piece bathroom with shower over the bath and two bedrooms both with fitted storage.
Externally there is a garden and communal green to the front, resident parking and garage in a nearby block.
Overall a superb first floor flat that would make an ideal purchase for the first time buyer, down-sizer or investor alike with double glazing and gas central heating, all offered with no onward chain
Location
Sunniside is a small picturesque village surrounded by beautiful countryside, with views over the Derwent Valley. There has been substantial, recent, new housing development making this an up-and-coming and desirable place to live. It is situated on a main road running between Newcastle and Consett. Although it has a semi rural feel, there is good access to both the Metro centre and the A1. The village and nearby Marley Hill and Burnopfield have shops, pubs, primary schools and range of sporting clubs
IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser
Council Tax Band: A (Gateshead Council)
Tenure: Leasehold (139 years)
Ground Rent: 0 per year
Extended lease with 139 Years remaining and no annual ground rent to pay
Parking options: Garage, Residents
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Arden Avenue, Brunton Park, Gosforth
The Property has been saved to your favorites
/ 5
It's quick and easy
