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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£450,000 Offers over
Bedrooms
Bathrooms
''' Aerial view ''' Just click the tour button.
Built in 1939 on land from Baron Armstrongs estate, this substantial three/four bedroomed semi-detached house is located within the much loved St Gabriels area of Heaton. With plenty of green space nearby, the house has a lovely fresh air feel, and the particular position of this home offers some great views over local allotments and parkland, with the impressive skyline of Newcastle city in the distance. The house has been redecorated and upgraded in recent times to include a ground floor shower room complete with French shower bath, and a separate home working space which could also be used as a fourth bedroom. The loft is fully boarded for storage use and accessed via a foldaway ladder. Good natural light is enjoyed throughout, with the principal rooms having very attractive outlooks both near and far. The house has gas central heating, double glazing, and features a multi fuel stove in the living room. Tri-fold doors from the living room bring the indoors and outdoors seamlessely together in the warmer months. Externally there is a generous drive way to the front, a lawned side garden and an enclosed patio garden to the rear with a covered play area. The location offers easy access to local schools, parks, The Peoples Theatre and Jesmond Dene. There are excellent links to the city centre via road, cycle lanes, and public transport. Freehold. Council tax band D, energy rating D.
Double doors opening into :: Porch with door opening into :
Reception hallway: With radiator, cupboard and original wood panelling.
The left of the hallway opens to :: Inner hallway
Shower room: With french shower bath, wash basin and w.c.
Study/bedroom four: With patio doors to the side.
Dining room/play room (front ): With radiator, cork flooring. opening into :
Sitting room/living room: With radiator. Multi fuel stove. Cork flooring. Tri fold patio doors to the rear bring the indoors and outdoors together on warmer days.
Breakfast room: With radiator, patio doors opening into rear garden.
Kitchen: Fitted with a range of modern units, granite worktops. Integrated appliances to include induction hob, oven, microwave, diswasher, fridge freezer. Door to :
Utility room: With fitted cupboards. Gas boiler. Integrated washer and dryer. Door to garden.
Spacious first floor landing: With feature stained glass window, access to loft via foldaway ladder. Fully boarded for storage use.
Bedroom one (front): With radiator.
Bedroom two (rear): With radiator and fitted robes.
Bedroom three: With radiator and corner window which enjoys views over the local area and towards Newcastle City Centre.
Bathroom: With radiator. White suite with walk in shower, wash basin with mirror above, panelled bath. Feature stained glass window.
Separate w.c.: With w.c.
Externally: Garden to front with lawn and borders. Good sized driveway with parking for two -three cars.
Lawned side garden.
Very private and secure patio garden to the rear with play area.
Utilities: Mains gas, water, electricity, drainage and high speed broadband are all connected.
Mining: This house is not known to be affected by mining but given the rich mining heritage of the area this must be checked by your solicitor prior to exchange of contracts.
Floor plan and measurements: These are for guidance purposes only and may not be to scale nor 100% accurate. They must not be relied upon for any other purpose than as a guide to the basic layout of the house.
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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