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£295,000 Offers in excess of
Bedrooms
Bathrooms
Mansons welcome to the sales market this three-bedroom, townhouse situated on Merchants Wharf, Newcastle Upon Tyne. Located on Newcastles East Quayside allowing easy access to the City Centre as well as the Ouseburn Valley.
The accommodation on offer comprises; Entrance, separate WC, open plan kitchen / dining area with integrated appliances and sliding patio doors to an enclosed rear garden.
On the first floor you will find a spacious living room which boasts views of the river Tyne from its bay window seat, and also benefits from fitted bookshelves, coving, and an arch leading to the study area which could be converted back into a third bedroom.
Stairs lead to the second floor of the property which has a master bedroom with a walk in wardrobe and private en-suite. A second bedroom and a family bathroom.
Externally, to the front of the property there is a blocked paved drive for off road parking and garage access.
The property also benefits from an intercom system, gas fire central heating and sealed unit double glazing.
Viewings are essential to avoid disappointment.
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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