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.
£70,000
2 bedroom Flat for sale, Moore Street, Gateshead, NE8
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Features and Description
- Two Bedroom Ground Floor Flat
- Ideal For First Time Buyers or Investors
- Modern Kitchen
- Approx. Floor Area: 54.9 sqM or 591 sqFT
- Council Tax Band A
- EPC RATING C
This well presented two bedroom ground floor flat is offered with no onward chain. Ideal for first time buyers and investors.
Similar apartments in the area typically achieve rents of around £700 PCM, depending on their standard and presentation.
With a marketing price of £70,000 the property represents an approximate gross rental yield of up to 12%, subject to the final purchase price.
The property features a spacious double bedroom to front with large wardrobe included.
Comfortable lounge that benefits from a feature fireplace and a useful storage cupboard.
A second bedroom is located off the lounge.
The modern kitchen includes an integrated fridge freezer and dishwasher, plumbing for a washing machine, space for a cooker, and direct access to the rear yard.
The part tiled bathroom/wc has a white suite including bath with electric shower over and a heated towel rail.
Externally, the property enjoys a private rear yard.
The property benefits from double glazed windows throughout and gas central heating provided by a Baxi boiler.
We understand the flat falls into Council Tax Band A and is on a Lease of 999 years from 5th July 1990 leaving approx. 963 years remaining at the date of listing with no ground rent or service charges payable (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.
Moore Street, Gateshead, NE8
Additional Information
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Property refQLF260390
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EPCC
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TenureLeasehold
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Lease length962 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 £63,000 and repaying over 25 years with a 2.5% interest rate.
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Current
70Potential
77CO2 Rating
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