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.
1/14
£110,000
2 bedroom Flat for sale, Chaucer Close, Gateshead, NE8
Features and Description
- First Floor Flat
- Modern Interior
- Investment Opportunity
- Approx. Floor Area: 55 sqM or 592.01 sqFT
- Council Tax Band A
- EPC RATING C
This two-bedroom first-floor flat is offered with no onward chain, making it an ideal choice for first-time buyers, professionals, or investors.
Currently rented at £950 pcm, the property will be sold with vacant possession as the tenants are relocating. It offers a potential gross yield of approx. 10.4%, making it an attractive option for investors.
The flat has a valid EPC until October 2029, EICR until March 2034 and Gas safety certificate until March 2026.
Upon entering the property, you're welcomed into an entrance lobby with stairs leading to the first floor. The landing benefits from two built-in storage cupboards, providing useful additional space.
The accommodation includes a large double bedroom with ample room for a wardrobe, and a second bedroom featuring a built-in storage cupboard. The bathroom/WC is partially tiled and fitted with a shower over the bath and a heated towel rail.
The spacious lounge/dining room features a bay window, along with space for a dining table. The kitchen is well equipped with space for a fridge/freezer, a built-in oven and gas hob with extractor fan over, and plumbing for a washing machine.
Double glazing and Gas Central Heating system to combi boiler.
We understand the property is on a 999 year lease from 1993 leaving approx. 966 years remaining at the time of listing. No service charges or Ground Rent payable.
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.
Chaucer Close, Gateshead, NE8
Additional Information
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Property refQLF250393
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EPCC
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TenureLeasehold
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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
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