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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • Floor area 624 sq. ft

Features

  • Leasehold
  • A 5% deposit is just £2,800!
  • Fantastic opportunity to take a step onto the property ladder
  • *£56,000 for a 40% share*
  • Viewing is highly recommended
  • Excellent starter home
  • Top floor flat within a five storey building
  • Private off-street parking
  • Stunning views
  • Walking distance to Newcastle Gateshead’s vibrant quayside scene

Listing view statistics

Last 30 days: 472 page views

Since listed: 3278 page views

Description

***Please quote TUB330 when enquiring.***

- What the owner says -
“The apartment is situated within the quayside area of Newcastle and is within easy walking distance of the vibrant quayside scene, trendy Ouseburn area and city centre shops, bars and restaurants.

The main rooms of the apartment overlook the cityscape towards the River Tyne with views of the Baltic Centre for Contemporary Art, the Sage and the Gateshead Millennium Bridge. The living room has a Juliet balcony which opens to the quayside skyline and gives a sense of living in the centre of everything.

The apartment is very peaceful as it is one of only two penthouse apartments on the top floor. As there are no adjoining apartments a lot of privacy is enjoyed.”

- Full description -
Communal entrance lobby with lift to all floors.
Entrance hall with telephone entry system for added security and peace of mind.
Living room (3.2m x 4.7m) with French doors opening to Juliet balcony. Kitchen off (3.7m x 2.2m) includes integrated electric oven, gas hob, extractor, fridge/freezer and washing machine.
Master bedroom (4.7m x 2.6m). Second bedroom (3.4m x 2.4m).
Family bathroom (2.3m x 2.1m) has bath with overhead shower, glass screen, wash basin and WC.
Laminate flooring laid throughout, with vinyl to the bathroom.
Two large storage cupboards.
Gas central heating throughout.
Communal gardens.
Private off-street parking.

- Costs -
price - £56,000* | rent - £218.50pm | service charge - £129.18pm**
*This represents a 40% share of the full open market value of £140,000
**This includes: Sinking fund, management charge, building insurance and service charge. Rent and service charges are reviewed annually.

- Eligibility requirements -
The minimum household income requirement for this property is £20,172^.
If you will be obtaining a mortgage you will need at least £2,800 in savings (i.e. A 5% deposit).

^If your deposit is more than 5% the minimum income requirements may be less. Please contact us for further details.

If you will be purchasing with a mortgage you must provide us with an Agreement in Principle (aip) to support your application. Evidence in support of your aip (or proof of funds if cash buyers) must also be provided. Further details available on request.

In order to apply you must be registered with the local Help to Buy Agent – neyh: You will need to provide your htb reference number (or approval letter) when completing the application process.

- General information -
Tenure: Leasehold
Lease: 125 years from 1 January 2015
Years remaining on lease: 121 approx.
Approximate internal area: 58 sq. M.
Local Authority: Newcastle City Council
EPC Rating: B (82)

- Terms and conditions -
***Applicants must have a local connection to Tyne and Wear and be registered with North East, Yorkshire and Humberside. Priority is given to first time buyers.***

- Viewings -
Viewings are held strictly by appointment - call today to arrange a mutually convenient time.

Applications are only accepted from those who have viewed the property. If you have viewed and would like to apply please register your interest with the Resales Team.

Viewings strictly by appointment only – contact for more information

You could get

Superfast broadband Superfast broadband

Up to 55 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Manors 0.3 miles
  • Newcastle 0.8 miles
  • Christ Church CofE Primary School 0.3 miles
  • Hotspur Primary School 0.5 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Manors 0.3 miles
  • Newcastle 0.8 miles
  • Christ Church CofE Primary School 0.3 miles
  • Hotspur Primary School 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in NE1:

  • £164,723
  • Price increase

  • £1,774
  • (1.089%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £165,976
  • Properties sold

    51

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in NE1 is currently:

£1,083 pcm

Recent sales nearby

See all recent sales in NE1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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How much could I borrow?

In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
5th Jul 2019 £56,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Home Group. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Home Group for full details and further information.