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.
£64,950
2 bedroom Flat for sale, Prince Consort Road, Gateshead, NE8
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Features and Description
- Ground Floor Flat
- No Chain Involved
- Updating Required
- Council Tax Band A
- Approx. Floor Area: 59 sqM or 635.071 sqFT
- EPC RATING D
Ground Floor Flat with some Updating Required. No Chain Involved. Ideal for investors or First Time Buyers. SOLD AS SEEN - including contents.
Similar flats can achieve up to £700 pcm, depending on finish. Based on £64,950, this represents a gross yield of approximately 12.94%, with potential to reach around £90,000 once works are complete, subject to the standard of finish.
We understand the flat falls into Council Tax Band A and is on a Lease of 999 years from 29th June 1989 leaving approx. 962 years remaining at the date of listing with no ground rent or service charges payable (Full details will be confirmed by solicitors).
The property comprises an entrance lobby leading into the hallway. To the front is a double bedroom featuring a bay window, while the lounge benefits from a feature fireplace. A second double bedroom is also located to the rear.
The kitchen has a built-in oven and gas hob with extractor fan over, space for a fridge/freezer, plumbing for a washing machine and a door providing access to the shared yard.
The shower room/WC has a shower cubicle, radiator and spot lighting.
Shared rear yard.
Gas central heating via combi boiler and double glazed windows.
Agents Note: It appears that works are currently being carried out to the upstairs flat, including works to the roof tiles and chimney. The full details and extent of the works are unknown.
Please note that any services, heating system, or appliances have not been tested and no warranty can be given or implied as to their working order.
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.
Prince Consort Road, Gateshead, NE8
Additional Information
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Property refQLF260401
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EPCD
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TenureLeasehold
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Lease length961 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 ChargeContact the branch
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 £58,455 and repaying over 25 years with a 2.5% interest rate.
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