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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£245,000 Offers over
Bedrooms
Bathrooms
''' Best and final offers are invited to me made to no later than 12 midday on Wednedsay 10th September 2025 '''
A three-bedroom, bright and airy house is available with no chain.
This property features a front patio garden and a rear garden with decking and an everlasting lawn, with a high stone wall to the rear. The house is equipped with gas combi heating and includes a driveway for one car. The garage is ideal for bike storage, complete with an electric roller door, WC and wash basin. Located close to a Sainsburys supermarket and a selection of schools, the area offers excellent transport links with easy access to the Coast Road, Tyne Tunnel, and A19, as well as regular bus services from Benton Road and the Coast Road. The property is freehold, with a Council Tax band of C and an Energy Rating of D.
Hallway
Living room
Dining room
Kitchen
Smaller sized garage: Ideal for bike storage, electric roller door, wc to rear.
First floor landing
Bedroom one
Bedroom two
Bedroom three
Bathroom: With cupboard housing combi boiler.
Extermally: Patio garden and driveway to front.
Westerly garden to rear with decking and everlasting lawn.
Material information: Mains gas, water, drainage, and electricity are all connected. The area has high speed broadband and the house is not known to be a mobile drop zone but this should be checked upon viewing.
Mining: The property is not known to be affected by mining but his should be checked by your conveyancer before exchange of contracts.
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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