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.
1/11
£55,000
1 bedroom Flat for sale, Collingwood Street, Gateshead, NE10
Features and Description
- One Bedroom Basement Floor Apartment
- Ideal For First Time Buyers or Investors
- No Chain Involved
- Approx. Floor Area: 55sqM or 592sqFT
- Council Tax Band A
- EPC RATING D
One bedroomed basement flat ideal for investors or first time buyers. No Chain Involved.
The home is currently tenanted, paying £600pcm however they are looking at alternative accommodation therefore the home will be sold with vacant possession. We would expect to be able to relet at a similar price if not more giving a gross yield of 13.09% against asking price.
The property comprises an entrance lobby with stairs leading to the basement level. The kitchen includes a storage cupboard, space for a fridge/freezer and cooker, and plumbing for a washing machine. There is a spacious double bedroom, a partially tiled bathroom with a shower over the bath, and an additional storage cupboard. The lounge features French doors opening out to the rear garden.
Outside, there is a large enclosed rear garden, mainly laid to lawn, with a patio area ideal for outdoor seating.
Double glazed windows and gas heating system via a Potterton combi boiler.
We understand the flat is on a Tyneside Lease of 999 years from 8th February 2019 leaving approx. 987 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.
Collingwood Street, Gateshead, NE10
Additional Information
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Property refQLF250191
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EPCD
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TenureLeasehold
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Lease length986 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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