This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
£75,000
2 bedroom Flat for sale, Dartmouth Avenue, Low Fell, Gateshead, NE9
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Features and Description
- First Floor Flat
- Perfect for First-Time Buyers, Professionals and Investors.
- Gross yield of 12.8% based on £75,000 asking price
- Approx. Floor Area 57 sqM or 613.54 sqFT
- Council Tax Band A
- EPC RATING C
Well Presented Two Bedroom First Floor Flat. Ideal First Time Buyers or Investors.
The property has the potential to achieve a rental income of up to £800 PCM, equating to £9,600 per annum and providing an attractive gross yield of 12.8% based on the asking price of £75,000.
The accommodation comprises a communal entrance providing access to the flat. Stairs lead to the first floor landing which features a useful storage cupboard. The lounge is spacious providing a welcoming reception.
The kitchen is equipped with a built in electric oven and grill, gas hob with extractor hood above, plumbing for washing machine, space for dryer and integrated fridge/freezer.
Double bedroom to the front, second bedroom currently used as an office. Bathroom/Wc with partial tilling, shower cubicle, bath and spot lighting.
Externally, the property has a shared lawned area to the front and a large parking area. Communal entrances to the front and rear.
We understand the property is held on a 125-year lease from 9 June 1997, expiring on 9 June 2122, with approximately 96 years remaining.
A service charge of £45.26 per month is payable to Gateshead Council. All lease details, including any ground rent provisions, should be confirmed by solicitors.
Further benefits include double glazed windows and gas central heating via Combi boiler.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Dartmouth Avenue, Low Fell, Gateshead, NE9
Additional Information
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Property refQLF260272
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EPCC
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TenureLeasehold
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Lease length96 years
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Council TaxA
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Ground RentContact the branch
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Ground Rent ReviewContact the branch
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Service Charge£543
Do you have a property you need to sell?
Your Move Estate Agents Low Fell
Your Move Low Fell
Durham House 449-451 Durham Road, Low Fell, Gateshead, NE9 5EX
Mon - Fri09:00 - 17:00Saturday09:00 - 13:00SundayClosed
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Borrowing £67,500 and repaying over 25 years with a 2.5% interest rate.
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77CO2 Rating
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