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.
£80,000
3 bedroom Flat for sale, Brighton Road, Gateshead, NE8
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Features and Description
- Three Bedroom First Floor Flat
- No Chain Involved
- Ideal For First Time Buyers or Investors
- Approx. Floor Area 667.36sqFt or 62sqM
- Council Tax Band A
- EPC RATING C
First floor flat presents an ideal opportunity for first-time buyers and investors alike. Offered with no onward chain.
For investors, similar properties in the area can achieve rental income of up to £750 per calendar month, depending on condition and specification.
Based on the asking price of £80,000, this represents a potential gross rental yield of approximately 11.25%.
The property benefits from a valid Energy Performance Certificate (EPC) until 19 June 2034 and has a current Gas Safety Certificate in place until July 2026.
Please be mindful the flat falls into the Gateshead Selective Licensing Scheme - further details available via Gateshead Council website.
The property is accessed via stairs leading to the first-floor landing. The accommodation includes a spacious front-facing double bedroom, a second well-proportioned double bedroom to the rear, and a third bedroom positioned to the front of the property.
The kitchen is equipped with an integrated oven, electric hob with extractor hood above, space for a fridge/freezer, and plumbing for a washing machine.
Completing the accommodation is a bathroom/wc comprising a white suite with shower over the bath, heated towel rail, extractor fan, and partial wall tiling.
Externally, the property boasts a shared rear yard.
Further benefits include gas central heating provided by a Baxi boiler and double-glazed windows throughout.
We understand the flat is on a Tyneside Lease of 999 years from 8th December 1996 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)
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.
Brighton Road, Gateshead, NE8
Additional Information
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Property refQLF260264
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EPCC
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TenureLeasehold
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Lease length962 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 £72,000 and repaying over 25 years with a 2.5% interest rate.
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70Potential
77CO2 Rating
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