£145,000

   

ROI = 10% BMV = -17.01%
Description

** TWO BEDROOM APARTMENT WITH VIEWS OF RIVER TYNE AND OPEN PLAN LIVING ** Located on the third floor of the Ouseburn Wharf development, this two bedroom apartment offers access to the local bars, restaurants and shops both Ouseburn and Newcastle City Centre have to offer. The property overlooks the River Tyne from the Juliet Balcony and benefits from resident parking and a lease of over 200 years. Ideal for an investor looking to add to their portfolio, or a first time buyer wanting to enjoy what the City has to offer. The accommodation provides; entrance hall, open plan living/kitchen area, two double bedrooms, one with ensuite and a bathroom. Energy Efficiency Rating TBC. Council Tax Band C. Entrance Hall Two storage cupboards, one housing the hot water cylinder, entry phone system. Open Plan Living/Kitchen Area (6.38m x 4.67m) Living Area Double glazed doors with Juliet balcony providing views of the River Tyne and Millenium Bridge, wall mounted electric heater, television and telephone aerial points. Kitchen Area Range of wall and base units with work surfaces incorporating; stainless steel sink unit with mixer tap, electric oven and hob with extractor fan above, space for under counter washing machine, part tiled walls, spotlights. Bedroom One (4.25m x 3.50m) Double glazed window to rear elevation, wall mounted electric heater. Ensuite Shower Room Shower cubicle with panelling and glass screen, WC, pedestal wash hand basin, part tiled walls, heated towel rail, extractor fan. Bedroom Two (4.25m x 2.49m) Double glazed window to rear elevation, wall mounted electric heater. Bathroom Panelled bath with shower overhead and glass shower screen, WC, pedestal wash hand basin, panelled walls, electric shaving point, heated towel rail, extractor fan. Leasehold Information The remaining term on the lease is approximately 232 years. The annual service charge is £2911.00 approximately with an annual ground rent of approximately £200.00 which increases every 25 years by £200.00 and will next increase in 2032. Please note we have not inspected the head lease. Material Information Tenure: Leasehold. The block is managed by Kingston Property Services. Council Tax: Band C. Authority; Newcastle City Council. For current rates please visit: Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property. Broadband: Follow the link to check broadband providers and speeds; Broadbandcheck.co.uk Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Signalchecker.co.uk Parking: There is resident parking in garage accessed via fob. Please note, parking spaces are allocated on a first come first serve basis. Additional Information: Please be advised the building does not meet the height requirements to need an EWS1 Form. You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing. Please note the lease can be made available upon request.

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Property Details
  • Property ID: 149745515
  • Added On: 2024-07-05
  • Deal Type: For Sale
  • Property Price: £145,000
  • Bedrooms: 2
  • Bathrooms: 1.00
Amenities
  • Third Floor
  • Open Plan Living
  • Two Double Bedrooms
  • Juliet Balcony with Views of The River Tyne
  • Access to City Centre & Quayside
  • Undercover Resident Parking
  • Ensuite & Bathroom
  • Ouseburn Location