Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£315,000
Bedrooms
Bathrooms
This three bedroomed semi-detached house is situated in one of High Heatons finest streets, with popular schools, Paddy Freemans Park, shops, and the Freeman Hospital all within a few minutes walk. The house has gas combi central heating with a new boiler in July 2022, double glazing and a larger than average rear garden. To the front there is an established garden, driveway and a smaller sized garage ideal for bikes and other storage.
The rooms have good natural light with a westerly aspect to the front. With no chain involved we are expecting a good level of interest.
Council tax band C, energy rating C. Freehold.
Hallway: With radiator and cloaks cupboard.
Living room: 4.03m x 4.19m (133' x 139'), With bay window, radiator and firesurround.
Dining room: 3.50m x 3.78m (116' x 125'), With radiator. Lovely aspect over garden.
Kitchen: 2.13m x 2.25m (612' x 75'), With fitted units, laminated work surfaces. Gas cooker point. Plumbed for washer. Door to :
Outhouse: 2.80m x 2.63m (92' x 88'), With door to garden.
First floor landing
Bedroom one: 2.49m x 3.62m (82' x 1111'), With radiator and fire surround.
Bedroom two: 3.30m x 3.36m (1010' x 110'), With radiator and fire surround. Lovely views over garden.
Bedroom three: 2.75m x 2.42m (90' x 711'), With radiator.
Bathroom: With heated towel rail, cupbord with gas combi boiler. Whites suite with shower over bath, wash basin and w.c.
Externally: Established garden and driveway to front.
Smaller sized garage ideal for bike storage.
Larger sized rear garden with lawn.
Utilities: The house in connected to mains gas, water, electricity and drainage. There is high speed broadband available in the street. The house is not known to be a mobile drop out zone but this must be checked upon visiting the house.
Mining: This house is not known to be affected by mining but due to the rich mining heritage of Newcastle, this must be checked by your solicitor prior to exchange of contracts.
Floor plan and room sizes: These are provided for guidance only and should not be relied upon for any other purpose.
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
The Property has been saved to your favorites
/ 5
It's quick and easy
