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.
£60,000
2 bedroom Flat for sale, Coltsfoot Gardens, Windy Nook, Gateshead, NE10
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Features and Description
- Two Bedroom First Floor Flat
- Perfect for First-Time Buyers, Professionals and Investors.
- No Chain Involved
- Approx. Floor Area 55.1 sqM or 592 sqFT
- Council Tax Band A
- EPC RATING C
Two bedroom first floor flat with no chain involved. Ideal for first time buyers or investors.
Similar apartments let for approximately £700 PCM, depending on standard, which would generate an annual rental income of £8,400 and an estimated gross yield of 14% based on a £60,000 purchase price.
The property has been recently decorated and benefits from newly fitted carpets, along with a new consumer unit for the electrics and an ECIR to follow.
It also comes with a valid Energy Performance Certificate (EPC) until 1st July 2028.
The accommodation briefly comprises an entrance lobby with a generously sized storage cupboard, leading into a spacious lounge. There are two well-proportioned double bedrooms, positioned either side of the hallway.
The kitchen/diner offers ample space for a dining table and chairs, with space for an under-counter fridge or freezer and plumbing for a washing machine. Further features include a built-in oven, gas hob and overhead extractor fan.
The shower room is partially tiled and fitted with a shower cubicle, WC and an additional storage cupboard, ideal for towels and toiletries.
Externally, the property enjoys access to both front and rear communal gardens, mainly laid to lawn, offering pleasant outdoor space.
Additional benefits include double glazing throughout and a gas central heating system.
Conveniently located close to local amenities, schools and transport links, with easy access to Gateshead and Newcastle City Centre.
We understand the property is on a 125 year lease from 9th April 1996 leaving approx. 94 years remaining at the time of listing. The annual service charge and ground rent is around £42 per month. Please note we have not inspected the head lease.
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.
Coltsfoot Gardens, Windy Nook, Gateshead, NE10
Additional Information
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Property refQLF260564
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EPCC
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TenureLeasehold
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Lease length94 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 £54,000 and repaying over 25 years with a 2.5% interest rate.
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78CO2 Rating
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