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.
£120,000
2 bedroom Mid Terrace House for sale, The Avenue, Felling, Gateshead, NE10
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Features and Description
- Two Bedroom Mid Terraced House
- Ideal For First Time Buyers or Investors
- No Chain Involved
- Approx. Floor Area: 80 sqM or 861.113 sqFT
- Council Tax Band A
- EPC RATING C
Recently Decorated Two Bedroom Terraced House with Off Street Parking and Modern Interior. No Onward Chain.
Similar apartments in the area typically achieve rents of around £900 PCM, depending on their standard and presentation.
Please note that the flat falls within the Gateshead Selective Licensing Scheme. Further details regarding the scheme and local requirements are available via the Gateshead Council website.
With a marketing price of £120,000, the property represents an approximate gross rental yield of 9%, based on a rental income of £10,800 per annum, subject to the final purchase price.
The property comprises an entrance hall with stairs leading to the first floor. The front lounge features a bay window and feature fireplace.
The kitchen/dining room offers space for a fridge/freezer, plumbing for a washing machine, a built-in oven and gas hob with extractor fan over, partial wall tiling and access to the rear lobby.
The rear lobby benefits from a large under-stairs storage cupboard and a door leading to the rear yard.
To the first floor, the landing provides access to two spacious double bedrooms, with the main bedroom positioned to the front and the second bedroom to the rear. The bathroom/WC comprises a bath with shower over, partial wall tiling, radiator and extractor fan.
Externally, there is a large enclosed front garden with a gravelled area.
To the rear, a spacious yard provides off-street parking via a garage-style door, along with a patio area suitable for outdoor seating and a shed offering additional storage.
The property further benefits from gas central heating via a combination boiler and double glazed windows.
We understand the property is Freehold.
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 Avenue, Felling, Gateshead, NE10
Additional Information
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Property refQLF260512
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EPCC
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TenureFreehold
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Council TaxA
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 £108,000 and repaying over 25 years with a 2.5% interest rate.
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