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Arden Avenue, Brunton Park, Gosforth
£160,000
Bedrooms
Bathrooms
Reception
Jan Mitchell Properties are delighted to welcome to the market this well proportioned three bedroom end terrace house with accommodation spread over three floors on the ever popular North View in Barmoor, Ryton.
Internally the property briefly comprises;- Entrance vestibule, lounge with feature fireplace and log burner, kitchen with fitted wall and floor units and ground floor bathroom. To the first floor, off the landing, there are two generous bedrooms and a WC. To the top floor, there is a converted attic bedroom with one Velux and two dormer window as well as eaves storage.
Externally there is a low maintenance lawned front garden and then to the rear a private yard with outbuilding storage.
Overall a great value terraced home with gas central heating and secondary glazing in a popular residential location that has to be viewed to appreciate the accommodation on offer first hand.
Location
This property is well placed for easy access to a wealth of local amenities in the picturesque village itself with further amenities easily accessed in Newcastle and Gateshead city centres via regular bus and road links as well as being only a short drive to Wylam train station, Clara Vale and the riverside.
Measurements
Lounge - 4.34 x 4.20
Kitchen - 3.96 x 2.46
Bedroom One - 4.96 x 4.05
Bedroom Two- 5.41 x 3.07
Bedroom Three - 4.23 x 2.48
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 or 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: B (Gateshead Council)
Tenure: Freehold
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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