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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£280,000 Offers over
Bedrooms
Bathrooms
Situated on Grange Road in Fenham, this unique detached house has three good sized bedrooms, each of which has the rare feature of a main and side window. The living room also enjoys this feature. The house is ready for modernisation and upgrading to suit personal tastes, but the generous rear garden makes this a very special plot, and one which should bring great pleasure and enjoyment to its next owners.
The house has gas central heating and double glazing to most windows. The area is convenient for several popular schools, which include Dame Allens, St Cuthberts, Sacred Heart and the Westgate Community college. The A69, and A1 western bypass are only a short drive away and a range of local shops and restaurants can be found nearby.
No chain. Freehold. Council tax band D. Energy rating C.
Hallway
w.c.
Living room: With bay window and windows to both sides. Two radiators.
Dining room: Radiator. Patio doors to :
Conservatory
Kitchen: Radiator. Fitted units.
Utility room: With gas boiler, plumbing for washer, Door to garden. Door to garage.
First foor landing
Bedroom one: With bay window, fitted shelves and wardrobe.
Bedroom two: Radiator. Fitted wardrobe
Bedroom three: Radiator. Fitted wardrobe.
Bathroom: Radiator. Bath, sink and w.c.
Outside: Garden, driveway and single atttached garage.
Generous garden to rear with westerly aspect. The size will be a very great feature to enjoy, especially when family and friends come to visit.
Mining: The North East has a rich mining heritage and any buyer is advised that their conveyancer should check via a mining search before exchange of contracts.
Utilities: Mains gas, water, electricity are connected.
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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