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Arden Avenue, Brunton Park, Gosforth
£400,000
Bedrooms
Bathrooms
Reception
A bespoke, architecturally designed, new build home with breath-taking valley views, located in the exclusive village of Iveston, that has to be viewed to appreciate the standard and situation of accommodation first hand, offered with No Onward Chain.
Internally the property briefly comprises:- Entrance hall, downstairs w/c, lounge, open plan kitchen diner with breakfast peninsula, direct access into both the garage and side and then a stunning corner glazed fa?ade opening out onto the rear garden making it a perfect space for entertaining.
To the first floor off the feature landing with glazed balustrade there are three bedrooms, two of which with en-suites and master with fitted wardrobes. These two bedrooms also benefit from amazing views over the valley behind and make the most of it by an extending balcony style window in bedroom two and then in the master a corner glazed sliding door with Juliet balcony. Completing the floor is a family bathroom with feature freestanding bath.
Externally there is a private garden and gated drive to the side and front leading to the integral garage and then to the rear a sunny Westerly facing rear garden with uninterrupted views.
Local Information
Iveston is a popular and attractive semi-rural village which lies a short distance from Consett amidst beautiful countryside. The old railway line, now known as the Lanchester Valley Walk, runs between Consett and Durham where it links at each end with a further network of other disused railways and tracks for walking and cycling. At the Consett end the footpath links to the C2C cycle route, an award-winning national cycle route stretching from Whitehaven and Workington in the North West of England to Sunderland or Tynemouth in the North East.
Nearby Leadgate and Consett offer a comprehensive range of shopping and recreational services while the historic, cathedral city of Durham, which is very accessible, provides comprehensive professional, cultural, educational and recreational facilities. For schooling Lanchester and Consett offer a choice of primary and secondary schools. There are also excellent private schools available nearby in Durham and Newcastle.
For the commuter, Iveston is ideally placed for access to the major centres of the north east. The A68 provides access both north and south linking to both the motorway network and to the A69 for quick connection to Newcastle in the east and Carlisle in the west. The A691 offers easy access to Durham and Consett. The Metro Centre in Gateshead, Newcastle International Airport, Newcastle and Durham Rail Stations are all extremely accessible, providing excellent transport links.
Approximate Mileages
Consett 2.5 miles Durham City Centre 11.0 miles Corbridge 15.6 miles Newcastle City Centre 16.3 miles Newcastle International Airport 18.3 miles
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: C (Durham County Council)
Tenure: Freehold
Parking options: Driveway, Garage, Off Street
Garden details: Private Garden
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
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