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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£285,000 Offers over
Bedrooms
Built in 1935, this larger style semi-detached house offers good sized rooms over two floors with an emphasis on excellent natural light throughout. The rear garden has a southerly aspect, and the established front garden includes a driveway for one car which leads to a single attached garage. With many lovely character features from the period, the rooms have a very welcoming atmosphere and with it being located in cul-de-sac within easy reach of local schools, it will make a great family home. The house has gas combi central heating, double glazing and is available with no chain. Council tax band D. Energy rating C. Freehold.
Main entrance door to :
Spacious hallway: With polished floorboards, radiator.
Living room (front): With bay window, radiator, fireplace with open hearth. (not tested). Polished floorboards.
Dining room: With two radiators, stylish 1930s style fireplace with open hearth (not tested). Polished floor boards, patio doors opening out into garden. Open plan to :
Kitchen: With radiator. Fitted units with work surfaces. Electric cooker point, plumbed for washer and dishwasher. Door to garage.
First floor landing
Bedroom one (front): With bay window and radiator.
Bedroom two: With radiator.
Bedroom three: A good sized third bedroom with radiator.
Bathroom: With radiator. White suite with shower over bath, wash basin, w.c. and bidet.
Outside space: Established garden to front with driveway leading to single attached garage.
The rear garden is mainly paved and gravelled patio space for easy of maintenance and has a southerly aspect.
Utilities: The house is connected to mains gas, water, electricity and drainage. There is high speed broadband available in the area. The house is not known to be a mobile drop out zone but this must be checked upon viewing.
Mining: The house is not known to be affected by mining but considering the rich mining heritage of Newcastle, this must be checked by your solicitor prior to exchange of contracts.
Floor plan and measurements.: These are provided for guidance only and may not be 100% accurate nor to scale.
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.
Spaceworks, Benton Park Road,, Newcastle Upon Tyne
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