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£399,000
Bedrooms
Bathrooms
This rare opportunity to acquire a distinguished detached 4-bedroom family home, steeped in early 1900s character and charm, situated in the popular residential Street of Winchester Avenue.
Nestled in the heart of Blyth, Northumberland, Winchester Avenue is a charming residential area that offers a blend of historical featured period properties, with many dating back to the early 1900s, reflecting the areas rich architectural heritage.
The area boasts excellent local amenities, including Croftway Academy Primary School and The Blyth Academy, a well-regarded secondary school, as well as Blyth South Beach, which allows for leisurely walks or short drives to the coast.
The property offers convenient access to public transport. The addition of the newest train station, Newsham, is approximately 1.5miles away, providing direct links to Newcastle and beyond. Additionally, the area is well-served by local bus routes, enhancing connectivity to Blyth town centre and surrounding areas.
The accommodation on offer has undergone major refurbishment works within the last 12 months, briefly comprises, vestibule entrance, period staircase overlooked by an original stained glass window, hallway which provides access to the lounge, dining room and kitchen. The dining room gives access to a further sunroom/office with French doors to the rear garden, as well as access to the utility room/WC and double garage.
The period staircase to the first floor allows access to a master bedroom with an en-suite, a further three bedrooms and family bathroom featuring a freestanding bath and walk in shower.
The landing also gives access to a loft hatch with ladders, partially boarded with a light.
Externally, to the front of the property there is access to a double garage with electric shutters, double blocked paved driveway with an electric charging point as well as on-street parking.
To the rear of the property there is a private patio area with outdoor electrics, substantial sized lawned area with mature borders.
The accommodation was refurbished in 2024 and offers original Edwardian doors, cornicing and ceiling roses, a new Ideal Dual Zone gas fired central boiler system, new radiators throughout, replastered, new electrics, addition of en-suite, new family bathroom, reconfiguration of the kitchen area with new Shaker Style kitchen and solid acrylic worktops.
Externally, the refurbishment includes a new roof on the main house, offshoot and garage, as well as new block-paved forecourt and double driveway.
Viewings come highly recommended to fully appreciate the accommodation on offer.
N.B Any clients interested need to be made aware that the owner of this property is connected to Mansons Property Consultants.
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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