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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£265,000 Offers over
Bedrooms
Bathrooms
'''Best and final offers'''
The seller has invited best and final offers to be made to no later than 12 midday on Friday 10th October.
This lovely two bedroomed semi-detached house is quietly tucked away in a corner position with a larger than average rear garden. The house offers light and airy rooms throughout which benefit from gas combi heating, double glazing and the loft has been boarded for storage use. Other attractions include a useful storeroom to the side, and a lovely summer house ideal for one sofa or as a study space. The location offers a peaceful outlook over Heaton Cemetery to the rear, and an open street view to the front. With good decor and no chain involved, this would make an ideal first buy. Energy rating C. Council tax band C. Freehold.
Hallway: With radiator.
Living room: With radiator and wood burning stove. (not tested, should be tested by suitably qualified person before use).
Dining room: With radiator. Patio doors and skylight. (please note the patio doors and skylight were installed on behalf of the current owner, and do not have building control sign off).
Ground floor bathroom: With radiator. White suite with bath and shower over, wash basin and w.c.
Kitchen: With radiator. Breakfast bar. Space for washer and dishwasher. Space for fridge freezer. Space for gas cooker. (some of these may be available by separate negotiation).
Store room: Former garage space to side used as store room.
First floor landing: With door to w.c. with wash basin and w.c. Access to loft, boarded for storage with pull down ladders.
Bedroom one (front)_: With walk in cupboard. Radiator.
Bedroom two (rear): With radiator and open views over Heaton Cemetry
Externally: Well kept garden to front, blockpaved driveway.
Larger sized rear garden with garden shed, summerhouse, vegetable patch, lawn and decking/patio. Not directly overlooked, westerly aspect.
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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