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.
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£150,000
2 bedroom Flat for sale, Marmion Court, Worsdell Drive, Gateshead, NE8
Features and Description
- First Floor Apartment
- Allocated Parking
- Investment Opportunity
- Approx. Floor Area: 37 sqM or 398.26 sqFT
- Council Tax Band B
- EPC RATING C
Investors only – tenants in situ since October 2024, paying £1,200 PCM from October 2025, delivering an attractive 9.6% gross yield.
Presently let for a rental of £1200 per month giving a gross yield of 9.6% against the asking price this property is an ideal opportunity for either a first time investor or those looking to add to a portfolio.
The flat has a valid EPC until January 2034 and EICR until September 2029.
The accommodation comprises: a welcoming entrance hall with a generous storage cupboard incorporating plumbing for a washing machine; a bright open-plan lounge/dining/kitchen area fitted with a range of integrated appliances including fridge/freezer, oven, microwave, electric hob and dishwasher.
The property offers two well-proportioned double bedrooms, the principal bedroom benefiting from an ensuite shower room with heated towel rail and spot lighting.
Both bedrooms enjoy French doors opening to a Juliet balcony. A contemporary bathroom/WC completes the layout, featuring a shower over bath, heated towel rail, partial tiling and spot lighting.
Telephone entry system and lift to all floors.
Externally there is an allocated parking bay and abundance of visitor parking.
Situated in the sought after apartment complex of Ochre Yards on the south bank of the River Tyne, just a short walk from both Newcastle city centre and the ever popular quayside.
We understand is on 125 Year lease from 1 January 2012 leaving approx. 110 years with a ground rent of approx. £165 per year and service charge of £2508.40 or 2026 or £209.03 per month (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.
Marmion Court, Worsdell Drive, Gateshead, NE8
Additional Information
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Property refQLF260045
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EPCC
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TenureLeasehold
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Lease length110 years
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Council TaxB
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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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Borrowing £135,000 and repaying over 25 years with a 2.5% interest rate.
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