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.
£125,000
2 bedroom Flat for sale, The Willows, Leam Lane, Gateshead, NE10
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Features and Description
- First Floor Flat
- Modern Interior
- Perfect for First-Time Buyers, Professionals, or Investors
- Approx. Floor Area 71 sqM or 764.23 sqFT
- Council Tax Band B
- EPC RATING B
Modern First Floor Apartment with countryside views to front. Perfect for First-Time Buyers, Professionals, or Investors.
The property offers excellent investment potential, with comparable apartments achieving around £850 per calendar month, providing an attractive gross yield of approximately 8.2% based on a purchase price of £125,000.
The accommodation includes a spacious open-plan lounge, kitchen, and dining area, enhanced by a feature media wall and feature fireplace. French doors open to a Juliet balcony at the front.
The kitchen is well equipped with an integrated fridge/freezer, electric hob with extractor fan, oven and grill, plumbing for a washing machine, and spot lighting.
There are two generous double bedrooms. The principal bedroom benefits from an en suite shower room, a built-in wardrobe, and an additional walk-in wardrobe. The second bedroom also features a built-in wardrobe. The hallway provides a useful storage cupboard.
The bathroom/Wc is partially tiled and comprises a bath with shower attachment, heated towel rail, and spot lighting.
Externally, the property enjoys well-maintained communal gardens and an allocated parking space. Conveniently located for access to local amenities and transport links.
Additional features include double glazing throughout and gas central heating via a Ideal combi boiler.
Access is via a secure communal entrance, with stairs leading to all floors.
We understand the property is on a 125 year Lease starting in January 2007 leaving approx. 105 years remaining at the time of listing. Ground rent is £.. a year in total and the Service charge is £.. per annum paid to paid to Kingston Property Services. (These details need to be confirmed via 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.
The Willows, Leam Lane, Gateshead, NE10
Additional Information
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Property refQLF250338
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EPCB
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TenureLeasehold
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Lease length105 years
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Council TaxB
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Ground Rent£150
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Ground Rent ReviewContact the branch
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Service Charge£1,908
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 £112,500 and repaying over 25 years with a 2.5% interest rate.
Now you know what you could be paying, book an appointment with our partners Embrace Financial Services to find the right mortgage for you.
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