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Property Listing Details

Property details

  • 2 bedrooms
  • 1 bathroom
  • Floor area 527 sq. ft

Features

  • Leasehold
  • *£56,000 for a 70% share available for ages 55 and over
  • Viewing is highly recommended
  • No rent payable
  • Private allocated parking
  • Walking distance to public transport
  • Easy access to Gosforth High Street and Newcastle city centre

Listing view statistics

Last 30 days: 270 page views

Since listed: 1543 page views

Description

***Please quote BOW605 when enquiring.***

- Introduction -
Looking to downsize or for somewhere easier to manage? This well maintained 2-bed first floor flat is nestled in a quiet cul-de-sac in the popular South Gosforth. With Newcastle centre and local conveniences close at hand, could this be the ideal home you’re looking for?

- What the owner says -
“The flat is in a small, quiet, enclosed area with easy access to the high street, metro station and local bus routes. Local shops are on your doorstep with only being 5 minutes’ walk. It has a very light feel to it, with a good size lounge, refurbished throughout, giving it a clean fresh look.”

- Full Description -
- 2-bed first floor flat.
- Living room has a fireplace and a window to the front aspect overlooking the landcsaped and the cul-de-sac.
- Kitchen with built-in units and contracting wood-effect worktops, a gas cooker/hob, stainless steel extractor fan and a window to the rear aspect.
- Master bedroom and second bedroom has a window to the rear and front aspect respectively.
- Bathroom with a bath, a separate walk-in shower, a wash hand basin WC, towel rail and mirrored wall cupboard.
- Carpet is fitted to stairs. Wooden flooring is laid to the hall, lounge and bedrooms. Tiles are laid to the kitchen and bathroom.
- Gas central heating
- Communal garden area
- Private allocated parking bay

- Costs -
Price - £56,000*

No rent payable

Service charge - £512.03pa**

*This represents a 70% share of the full open market value of £80,000
**This includes: Management charge, service charge and building insurance. Rent and service charges are reviewed annually.

- Eligibility Requirements -
Applicants must be aged 55 or over.
Applicants must have sufficient funds to either purchase the 70% share outright, or to obtain a mortgage. Applicants must also have access to sufficient funds to cover the cost of buying.

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.

- General Information -
Tenure: Leasehold
Lease: 60 years from 12th April 2002
Years remaining on lease: Approx. 42
Approximate internal area: 49 sq. M.
Local Authority: Newcastle City Council
Council Tax Band: B
EPC Rating: C (76)

- Terms and Conditions -
***Current home owners must have a sale agreed to apply.***

- Viewings -
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.

You could get

Superfast broadband Superfast broadband

Up to 55 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Manors 2.5 miles
  • Newcastle 2.8 miles
  • Archbishop Runcie CofE First School 0.2 miles
  • South Gosforth First School 0.4 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Manors 2.5 miles
  • Newcastle 2.8 miles
  • Archbishop Runcie CofE First School 0.2 miles
  • South Gosforth First School 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in NE3:

  • £173,281
  • Price decrease

  • -£1,534
  • (-0.877%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £125,052
  • Properties sold

    47

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in NE3 is currently:

£693 pcm

Recent sales nearby

See all recent sales in NE3
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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How much could I borrow?

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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
17th Jun 2020 £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.