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.
£60,000
2 bedroom Flat for sale, Westminster Street, Gateshead, NE8
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Features and Description
- Can be sold with tenant to investor
- OR Vacant Possession i.e. Owner Occupier
- Approx. Floor Area 753sqFT or 70sqM
- Council Tax Band A
- EPC RATING D
PUBLIC NOTICE - We advise that an offer has been made for the above property in the sum of £55,000. Any persons wishing to increase on this offer should notify Agent of their best offer prior to exchange of contracts best offer prior to exchange of contracts
Ground floor flat that can be sold with a tenant in-situ OR with vacant possession i.e. to an owner occupier.
Tenant is currently paying £500pcm giving a gross yield of 8.57% against the asking price.
The flat has a valid EPC until March 2034 at Grade D, Gas Safety Certificate until April 2025 and EICR expires out in April 2029.
We understand the flat falls into Council Tax Band A and is on a Lease of 999 years from December 1990 leaving approx. 965 years remaining at the date of listing. We understand no service charge or ground rent is payable (Full details will be confirmed by solicitors).
Comprises: entrance lobby, hallway with under stairs cupboard, front double bedroom, rear bedroom, lounge, kitchen, bathroom.
Private rear yard.
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.
Westminster Street, Gateshead, NE8
Additional Information
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Property refQLF240125
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EPCD
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TenureLeasehold
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Lease length965 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 £54,000 and repaying over 25 years with a 2.5% interest rate.
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