Skip to main content

Property Listing Details

Property details

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

Features

  • Leasehold
  • *£48,000 for a 40% share*
  • You can purchase more shares up to 100% when the time is right for you
  • Fantastic opportunity to take a step onto the property ladder
  • Excellent starter home- viewing is highly recommended
  • 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: 799 page views

Description

***Please quote TUB630 when enquiring.***

- Introduction -
Feeling frustrated with renting? Struggling to save for a deposit? This two-bed apartment overlooking the iconic Gateshead Millennium Bridge, Sage and Baltic Centre for Contemporary Art might be the answer.

Choose from a plethora of activities in Newcastle Gateshead, explore history and heritage, breath-taking architecture and impressive innovation. Experience the famous Newcastle Gateshead thriving nightlife, culture and events from showstopping theatre, comedy and live music that sits alongside the clubs, cocktail bars and independent breweries. Why not start your independence here?

- 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 –
Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying.

Two-bed top floor apartment.
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 - £48,000*

Rent - £226.37pm

Service charge - £110.84pm**

*This represents a 40% share of the full open market value of £120,000
**This includes: Sinking fund, management charge, building insurance and service charge. Rent and service charges are reviewed annually.

- General Information -
Tenure: Leasehold
Lease: 125 years from 1 January 2015
Years remaining on lease: Approx.120
Approximate internal area: 58 sq. M.
Local authority: Newcastle City Council
Council tax band: B
EPC rating: B (82)

- Terms, conditions and requirements -

Minimum household income requirement: £20,047^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by Metro Finance. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy North . You will need to provide your htb reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Pets: Pets are not permitted in buildings with communal areas.

- Viewings -
In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.

You could get

Superfast broadband Superfast broadband

Up to 55 Mbps (Source: Ofcom)

Floorplan

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 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:

  • £178,347
  • Price increase

  • £7,900
  • (4.635%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £173,671
  • Properties sold

    32

Rental opportunities

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

£1,109 pcm

Recent sales nearby

See all recent sales in NE1
Switch to next tab

Estimated running costs

Based on available 3rd party data

Approximate costs
£
per month

Mortgage calculator

£ per month

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 Bankrate and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided, your lenders criteria and your personal circumstances. The interest rate has also been assumed to stay the same for the selected mortgage term.

The Agent

Price history

Sold prices provided by Land Registry
15th Jan 2021 £48,000 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by Home Group Limited - EC1M. 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 Limited - EC1M for full details and further information.