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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£90,000
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
Auction Commencing on Monday 11th May at 1pm and ending 24 hours later on Tuesday 12th May at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
TWO BEDROOM APARTMENT WITH ALLOCATED PARKING
LET TO LONGSTANDING TENANTS! GENERATING £1,200Ppcm (£14,400 annually)!
An excellent opportunity to acquire a fully tenanted investment property, with longstanding tenants since October 2024. Generating an income of £1,200 PCM from October 2025, £14,400 annually! The flat benefits from a valid EPC until January 2034 and an EICR until September 2029, providing compliance and peace of mind.
The apartment has an entrance hall with a large storage cupboard, an open-plan lounge/dining/kitchen fitted with integrated appliances including fridge/freezer, oven, microwave, electric hob and dishwasher. There are two double bedrooms, both featuring French doors opening onto Juliet balconies. The main bedroom includes an ensuite shower room, in addition to a separate main bathroom.
Additional features include a secure telephone entry system and lift access to all floors.
Externally, the property benefits from an allocated parking space along with ample visitor parking.
Situated within the Ochre Yards development on the south bank of the River Tyne, the property is within easy walking distance of Newcastle city centre and the popular Quayside.
Leasehold information: We understand the property is held on a 125-year lease from 1 January 2012 (approximately 110 years remaining). Ground rent is approximately £165 per annum, with a service charge of £2,508.40 per annum (£209.03 PCM). All details to be confirmed by solicitors.
EPC Rating: C
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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
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Your Move Low Fell
Durham House 449-451 Durham Road, Low Fell, Gateshead, NE9 5EX
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