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£350,000
Bedrooms
Jan Forster Estates welcome to the sale market this beautifully presented link-detached house, situated in the highly desirable Regent Farm Estate area.
The property is close to a wealth of local amenities, including shops, a swimming pool, and a library, with more on Gosforth High Street. The area is well-connected to Newcastle City Centre via frequent bus services and the Metro system, providing easy access to all that the city has to offer. With its proximity to local facilities and transport links, this home is ideal for those seeking convenience and accessibility.
Briefly comprising to the ground floor: - entrance hallway, spacious lounge with bay window and feature log burner, stylish kitchen-diner with fitted units and integrated appliances, breakfast bar and sliding doors out to the rear. There is the added bonus of a wood sauna, and an additional room that could be utilised as a fifth bedroom, gym or playroom. Off the landing to the first floor, you are presented with four bedrooms- the main one with built-in wardrobes, and there is also a modern family bathroom WC with shower over the bath and a separate shower room with WC. The home is fully double glazed and has recently installed gas central heating.
Externally, there is a high-walled South-West facing garden to the rear, mainly laid with grass, along with a block-paved area, shed and garden play house. There is also a block-paved driveway to the front with parking space for two cars.
The owner is a relative of an employee of Jan Forster Estates and therefore in accordance with the Estate Agents Act 1979 and other legislation is considered to be an Estate Agent by association and we are making this disclosure to avoid any potential conflict of interests.
Please note: The photographs shown were taken prior to the current tenancy. The property is presently tenanted and contains tenants personal belongings. These images reflect the propertys condition before the tenancy began.
Lounge - 5.09 x 4.50 (168' x 149') -
Kitchen Breakfast Dining - 7.19 max x 3.70 max (237' max x 121' max) -
Bedroom One - 3.79 + wards x 3.64 (125' + wards x 1111') -
Bedroom Two - 3.06 x 2.30 (100' x 76') -
Bedroom Three - 3.012 x 2.335 (910' x 77') -
Bedoom Four - 3.01 x 2.31 (910' x 76') -
Bedroom Five - 5.44 x 2.53 (1710' x 83' ) -
Tenure - The agent understands the property to be freehold. However, this should be confirmed with a licenced legal representative.
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.
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