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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£260,000 Offers over
Bedrooms
Bathrooms
Located in a very convenient area, these two bedroomed semi-detached houses offer a lovely lifestyle for first time buyers or downsizers. The house is in good decorative order and features a fantastic re designed kitchen with modern fitted units, and a dining area with patio doors opening into the rear garden. The rear garden is an absolute delight and is not directly overlooked as Heaton Cemetery is beyond a high stone wall. Although the rear garden has a northerly aspect, during the summer months the garden gets plenty of afternoon sun coming in from the west. Attractions include gas combi heating, double glazing, and a bathroom with separate w.c. and over bath shower. Externally there is a front garden, attractive block paved pathway and storage space to the side with an up and over door. Freehold. Energy rating C. Council tax band B
Composite front door
Hallway: Radiator.
Front living room: With radiator, fireplace with electric fire.
Dining room: With radiator, patio doors to garden. Inset electric fire. Open plan to :
Kitchen: With excellent range of units to include concealed gas combi boiler, electric hob and oven, washing machine, wine rack and pan drawers.
First floor landing
Bedroom one (front): With radiator. Mirrored robes.
Bedroom two: Radiator. Mirrored robes. View over gardens, cemetry and mature trees beyond.
Bathroom: With white suite, bath with shower over, wash basin and wc.
Outdoor space: Garden and patterned concrete pathway to front.
Lovely rear garden with patio areas, lawn and planted areas. An absolute pleasure to sit out in the better months.
Utilities: Mains gas, electricity, water, drains and broadband are all connected.
Mining: The property is not known to be affected by mining but due to the rich mining heritage of the region your solicitor must check this before exchange of contracts.
Flood risk - very low: The goverment register states this property to be a very low risk of flooding both now and between 2040 and 2060. This must be confirmed by your solicitor before exchange of contracts and does not represent any guarantee of future events either way.
Map location is not available for this property.
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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