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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£285,000 Offers over
Bedrooms
Bathrooms
This well-presented four bedroomed semi-detached house has an additional office/nursery, as well as a large bathroom, conservatory, utility room and larger than average single garage. The house has gas central heating, good decor, and double glazing. Located at the top of a cul de sac the house benefits from a walkway nearby which gives easy access on foot to all the amenities at Four Lane Ends which include the metro station, doctors, dentists and shops. The house has well-kept gardens to the front and rear and will make an ideal family home. Viewing is highly recommended. Freehold.
Porch to :: Hallway
Living room: Radiator,. Media wall with inset shelving and gas fire. Open to :
Dining room: Radiator.
Conservatory: with doors to garden.
Kitchen: Radiator. Fitted units to include electric hob and oven.
Utility room: With Baxi gas combi. Fitted cupboards. Ground floor w.c. Door to garage. Door to garden.
First floor landing
Bedroom one (front): With radiator and fitted robes.
Bedroom two (rear): With radiator.
Bedroom three (front): Radiator, fitted robes.
Bedroom four (front): Radiator. Fitted storage.
Study/nursery (rear): Radiator.
Large bathroom (rear): With radiator. White suite with walk in shower, wash basin, w.c. and corner bath.
Externally: Well kept low maintenance garden to front with driveway. Westerly aspect.
Large single garage.
Good sized rear garden with easterly aspect, patio and lawned areas.
Mining: The property is not known to be affected by mining but considering Newcastles rich mining heritage this must be checked by your solicitor prior to exchange of contracts.
Utilities: The house has mains gas, water, electricity, drainage and broadband. The location is not known to be a mobile drop out zone but this must be checked on visiting.
Floor plan and measurements: These are provided for guidance purposes only.
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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