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£545,000 Offers in excess of
Bedrooms
Mansons are delighted to bring to the sales market this six bedroom semi detached house located on Fern Avenue, an established, residential street in the popular area of Jesmond.
Jesmond is within walking distance of Newcastle City Centre and has very good public transport links. It offers an eclectic mix of bars, restaurants, swimming pool, library, smaller independent boutique style shops and big chains like Tescos and Waitrose and also benefits from close proximity to local schools Jesmond Primary, Royal Grammar School, Newcastle High School for Girls and Jesmond Park Academy.
Jesmond Dene is a popular destination for families - with its country walks and riverside scenery its hard to believe, this tranquil country park is only a few minutes from the bustling centre of Jesmond - and its even got a petting zoo! Properties range from Victorian houses and converted flats to modern blocks and stylish apartments.
The accommodation on offer briefly comprises: Entrance to the property, Lobby and Hallway, giving access to the Lounge featuring a bay window, Dining Room, Inner Lobby, Kitchen, and Utility Room.
Stairs to the first landing provide access to the hallway and the first four bedrooms, and bathroom.
Stairs to the second-floor landing give access to bedrooms five & six and a box store room.
Externally, the front garden with a double gated entrance leads onto a block paved drive allowing for off-street parking. A side path then provides access to the rear garden with off-street parking, which is accessed via a roller door from the back lane.
The property benefits from gas central heating.
Viewings are highly recommended to avoid disappointment.
''Agents Note''
Property would only be suitable for cash buyers. A dossier of reports relating to the condition of the property is available for interested parties.
Map location is not available for this property.
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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