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.
£80,000
2 bedroom Flat for sale, Saltwell Street, Bensham, Gateshead, NE8
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Features and Description
- Two Bedroom Ground Floor Flat
- Spacious Lounge/Dining Area
- Ideal For First Time Buyers or Investors
- Council Tax Band A
- Approx. Floor Area: 66 sqM or 710.41 sqFT
- EPC RATING C
Ground Floor Flat with a spacious lounge/dining room, ideal for first-time buyers and investors alike.
Similar properties in the area achieve rents of approximately £725 PCM, depending on condition and specification.
Based on a purchase price of £80,000, this would generate an attractive gross rental yield of approximately 10.9%.
Property is included in the HMO and selective licensing schemes introduced by Gateshead Council from June 2025 (Further details available on request)
The property comprises an entrance lobby leading into a welcoming hallway. To the front of the property is a generous double bedroom featuring a bay window and ample space for wardrobes and additional furnishings.
The spacious lounge/dining room provides an excellent area for both relaxing and entertaining, complete with an electric feature fireplace, space for a dining table and chairs, and a large built-in storage cupboard.
A second bedroom is situated to the rear of the property, making an ideal guest room or home office.
The kitchen is fitted with a built-in oven, gas hob, and extractor fan, with plumbing for a washing machine, space for a fridge/freezer, and a door providing access to the rear yard.
The shower room/Wc is modern with a walk-in shower cubicle, heated towel rail, and spot lighting.
Externally, there is a shared rear yard with rear access.
Further benefits include gas central heating via a combi boiler, which was serviced in June 2026.
Double-glazed windows throughout.
We understand the flat is on a Tyneside Lease of 999 years from 24th June 1988 leaving approx. 961 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.
Saltwell Street, Bensham, Gateshead, NE8
Additional Information
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Property refQLF260331
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EPCC
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TenureLeasehold
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Lease length961 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
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Borrowing £72,000 and repaying over 25 years with a 2.5% interest rate.
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