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.
£85,000
2 bedroom Flat for sale, Hertford, Gateshead, NE9
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Features and Description
- First Floor Flat
- Perfect for First-Time Buyers, Professionals and Investors.
- No Chain Involved
- Approx. Floor Area 57 sqM or 613.54 sqFT
- Council Tax Band A
- EPC RATING D
A well presented two bedroom first floor flat offered for sale with no onward chain, making it an ideal purchase for first time buyers, professionals or investors alike.
The property has been recently decorated and benefits from newly fitted blinds throughout.
Similar apartments in the area achieve rental income of approximately £825 per calendar month, depending on specification.
Excellent investment opportunity with an impressive gross yield of approximately 11.6% based on the current asking price.
The property briefly comprises an entrance lobby with stairs leading to the first floor. The landing provides access to a useful storage cupboard. There is a spacious lounge, along with a well equipped kitchen featuring plumbing for a washing machine, a built in oven with gas hob and extractor fan, and an integrated fridge and freezer.
The accommodation includes a generous main double bedroom with ample space for wardrobes, a second double bedroom, and a modern bathroom/WC, shower over bath, full tiling and a heated towel rail.
Externally, residents benefit from access to both front and rear communal gardens, mainly laid to lawn.
The communal hallway also provides a large storage cupboard for additional storage, with secure access available from both the front and rear entrances.
Further benefits include double glazing throughout and gas central heating powered by a Baxi boiler.
We understand the property is on a 125 year lease from 21st June 2005 leaving approx. 104 years remaining at the time of listing.
The annual service charge and ground rent is around £42 per month paid directly to Gateshead Council. 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.
Hertford, Gateshead, NE9
Additional Information
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Property refQLP260020
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EPCD
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TenureLeasehold
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Lease length104 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 Charge£504
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 £76,500 and repaying over 25 years with a 2.5% interest rate.
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