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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£285,000 Offers over
Bedrooms
Bathrooms
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A very rare find - superb first floor apartment with unique patio terrace and garage - no onward chain.
Jesmond is one of Newcastles most vibrant and cosmopolitan suburbs, offering a strong sense of community alongside a wide range of local shops, cafs, and even a swimming pool - all within immediate reach. Travel into the city is easy by bike, on foot, or via the nearby West Jesmond Metro station. Both the RVI and Freeman Hospitals are also within easy commuting distance.
With its east-west aspect providing lovely natural light, this first-floor apartment has been a much-loved home for the current owners for almost a decade. Located in the heart of Jesmond, the beautifully presented and spacious rooms offers something very rarely found, and feature a dining kitchen with a rear door leading out to a private patio terrace, which has been secured to offer a safe outdoor space for the feline member of the family. This space is also ideal for enjoying morning coffees and summer barbeques. Below the terrace, a single garage currently provides extensive storage and is accessed via private external stairs. Another major atttraction is that the property has access on foot to both the front street, and rear service lane.
Both bedrooms are light and very well presented, while the living room features a large bay window with views over the gardens and mature trees that offer privacy during the summer months.
Leasehold: 999 years from 1984
Council Tax Band: C
Energy Rating: C
Main entrance door to :: General communal hallway with stairs to first floor :
(Please note the property also enjoys access to the rear service lane, for added convenience).
Private entrance door to :
Hallway: With intercom for entry system.
Living room (front): With bay window, westerly aspect, fireplace. Excellent range of fitted cupboards and shelving to both aloves. A beautifully presented room for entertaining and relaxing. Radiator.
Bedroom two (front): Radiator. A good sized second bedroom ideal as a home office, exercise space or bedroom.
Bedroom one (rear): With radiator. Excellent range of fitted wardrobes and cupboards to both alcoves.
Bathroom: With towel radiator. Extractor fan. White suite with over bath shower, wash basin and w.c.
Dining kitchen: Radiator. This splendid room is the heart of the home, with the rear door opening out onto a wonderul private patio terrace with single garage below. Gas boiler, approximately three years old.
Externally: The property includes a private patio terrace which is not only a very unique feature for any home in the area, but also offers a superb space to enjoy morning coffee and summer barbeques. There is also a single garage below which has light and power and provides extensive storage space.
Utilities: Mains gas, water, drainage, electricty and broadband are all connected.
The communal lighting in the main hallway is split between the three flats. The seller will supply further details upon request.
Maintenance, ground rent and leashold.: 999-year lease from 1984
Each apartment owns a share of the freehold
Building maintenance costs are shared equally between the three apartments on an as-needed basis
Landlord building insurance policy in place, cost split between the three apartments
No monthly maintenance fee
No ground rent has been payable during the sellers 10-year ownership.
The above Information provided by the seller in good faith; and must be verified by your conveyancer prior to exchange of contracts.
Parking: Public on-street parking nearby with permits available from Newcastle City Council.
Property includes a single garage.
Buyers are advised to:
Test park before exchanging contracts, or
personally measure the garage and their vehicle before purchase if this is an important requirement.
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.
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