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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£500,000 Offers over
Bedrooms
Bathrooms
This larger style four-bedroom detached house enjoys a high specification of fixtures and fittings. The superb kitchen is equipped with a range of integrated Miele appliances, while the bathrooms and ground floor cloakroom/WC feature stunning travertine tiling. Perfect for home working, the house includes a ground floor study, alongside a generously sized living room and a breakfasting kitchen with an open-plan dining room and conservatory. The first floor offers three double bedrooms, each with fitted wardrobes, and the main bedroom features a fabulous ensuite. There is also a single fourth bedroom and a superb main bathroom with a spa bath. Externally, the property has well-kept gardens at the front and rear, a generous driveway, and a double garage. The location is ideal, offering lovely bridlepaths and walkways, as well as easy access to major centres in Tyneside, Newcastle Uniteds training ground, local schools, and Sainsburys. The house has an energy rating of C, falls into council tax band E, and is freehold.
Spacious Hallway: With radiator.
Ground floor w.c.: With wash basin and w.c. Travertine tiled walls and floor.
Living room: With bay window to front. Patio doors to rear. Inset living flame gas fire. Two radiators.
Study: With radiator.
Breakfasting kitchen: With a superb range of units with real wood worktops and marble breakfast bar. Integrated appliances include a bean to cup coffee machine, electric oven with grill, and oven with microwave, halogen hob and extractor hood which are all by Miele. There is also a full-size dishwasher. (not Miele). The kitchen is open plan to:
Dining room: With radiator. Open plan to :
Conservatory: With patio door opening into garden.
Utility room: With radiator, gas boiler and plumbing for washer.
Galleried landing.: A stunning galleried landing with radiator and airing cupboard.
Main bedroom suite: With radiator. Fitted robes. Door to :
Ensuite: With travertine tiled walls and floor. Chrome towel radiator.
Bedroom two: With radiator and fitted wardrobe.
Bedroom three: With radiator and fitted wardrobe.
Bedroom four: With radiator.
Bathroom: With travertine tiled walls and floor. White suite with spa bath. Chrome towel radiator.
Externally: Garden to front with generous tarmac driveway giving plenty of parking space.
Double garage with twin up and over doors.
Delightful rear garden with raised decking patio, lawn, planted borders and further decking patio.
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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