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.
1/9
£110,000
2 bedroom Flat for sale, Forster Court., Durham Road, Gateshead, NE9
Features and Description
- Two Bedroom Ground Floor Flat
- Ideal For First Time Buyers or Investors
- Excellent Location
- Approx. Floor Area: 53 sqM or 570.48 sqFT
- Council Tax Band C
- EPC RATING D
Two Bedroom Ground Floor Flat. No Chain Involved. Offered with Vacant Possession. Situated close to Low Fell and its local amenities.
Similar apartments in the area typically achieve rents of around £800 PCM depending on standard, representing an investment opportunity with an approximate gross yield of 8.7% based on the current asking price of £110,000.
The accommodation briefly comprises an entrance lobby with storage cupboard, a lounge to the front with bay window, and a kitchen with built-in oven, electric hob and extractor fan, with plumbing for a washing machine and space for an under-counter fridge.
To the rear are two double bedrooms with space for wardrobes, along with a bathroom/WC featuring partial tiling, shower over bath and extractor fan.
Additional benefits include residents parking, electric heating system, and a secure intercom entry system.
We understand the property is on a 125 year lease from July 2001 leaving approx. 98 years at the time of listing.
The service charge is approximately £125 per month and the ground rent is approximately £50 per annum and is paid to Kingston Property Services. 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.
Forster Court., Durham Road, Gateshead, NE9
Additional Information
-
Property refQLF260047
-
EPCD
-
TenureLeasehold
-
Lease length98 years
-
Council TaxC
-
Ground Rent£50
-
Ground Rent ReviewContact the branch
-
Service Charge£1,500
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
Buyer Tools
Mortgage Calculator
Monthly payment
£
Borrowing £99,000 and repaying over 25 years with a 2.5% interest rate.
Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.
Stamp duty calculator
Similar properties for sale by Your Move Low Fell
Nearby locations
Photos
Floorplan
Map view
Street view
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
65Potential
76CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs