Share Price £129,500 (from 70% Min. Share)

Full Value £185,000 | £6,475 Min. Deposit

Scheme: Over 55's Shared Ownership

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2 bedroom house in Newcastle upon Tyne - Newcastle upon Tyne

place Rosebery Place,, Jesmond, NE2 1ES

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Home Group Resales

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Sold with no onward chain! Introducing a stunning two bedroom house for the over 55s with private parking in the desirable area of Jesmond, 10 minutes away from the town centre.


Eligibility

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by Metro Finance Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Age requirements: Applicants must be aged 55 or over.


Description

***Please quote ROSB217 when enquiring.***

- Introduction -

Introducing a stunning two bedroom house for the over 55s with private parking in the desirable area of Jesmond, 10 minutes away from the town centre. This end of terrace house sits in a quiet Cul de sac, and boasts views onto a mature rear garden at the back, and paved and grass areas at the front. This accommodation features a kitchen, lounge, entrance hall and w.c. on the ground floor. The upstairs has two large bedrooms and a recently upgraded walk in shower. Offered for sale with vacant possession and no onward chain.

- What the owner says -
“The property is perfectly situated in Jesmond near Sandyford with easy access into the City centre, either a 10-minute walk or regular buses with a close bus stop. There are local convenience shops and easy access out to the coast. It is a friendly community but with a sense of space surrounding the neighbouring individual properties.”

- Full description –
-Entrance has an access ramp suitable for wheelchair users or those who find stairs difficult. There is a Stair lift in situ.
-Telephone entry system, keysafe, alarm fitted, for security and peace of mind.
-Lounge (3.5m x 5.5m) is dual aspect with a French door accessing and overlooking the mature private garden with a shed to the rear of the property via a sunny glass porch area.
-Kitchen (2.6m x 2.3m) is accessed from the lounge and can be open plan if slatted doors are folded back. It is fitted with matching wall and base units in neutral tones, fridge/freezer and washing machine. The grilled windows offer added security.
-Bedroom one (3.6m x 2.8m) is at the rear of the property with windows looking out to the rear garden. It comes fitted with full height wardrobes and matching dressers.
-Bedroom two (3.6m x 2.6m) has windows overlooking the rear garden.
-Family bathroom (2.3m x 1.8m) which was recently updated has a large walk in shower unit with an electric shower, WC and wash hand basin. There is also a downstairs w.c.
-Flooring – carpet is fitted to the lounge, hall, stairs and landing while wood effect vinyl is fitted in the bathroom and bedrooms.
-Gas central heating.
-Garden at the rear is well maintained with mature shrubs.
-Parking at the front and rear of the property.

- Costs –
PRICE - £129,500*
RENT - £0pm
SERVICE CHARGE - £913.46 pa**
*This represents a 70% share of the full open market value of £185,000
**This includes: sinking fund, management charge, insurance charge, service charge. Rent and service charges are reviewed annually.

- General Information -
Tenure: Leasehold
Lease: Surrender & Regrant
Years remaining on lease: N/A.
Approximate internal area: 61 sq. m.
Local authority: Newcastle City Council
Council tax band: B
EPC rating: C (69)

- Terms, conditions and requirements -

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by Metro Finance Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy North https://www.helptobuyagent1.org.uk/apply/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Age requirements: Applicants must be aged 55 or over.

- Viewings -
In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply, please register your interest with the Resales Team.


Key Features

*£129,500 for a 70% share*
70% share available under the Over 55s scheme
Offered for sale with vacant possession and no onward chain
Parking at front and rear of property
Private rear garden
Stairlift in situ
Downstairs WC
Walking distance to public transport
Easy access to the city centre and close to Jesmond Metro Station


Accessibility

E – Step Free

No published access design guidance. These are properties that are considered general needs housing but have a level approach/entrance into the property and throughout. Properties in this category that have an internal flight of stair will be likely to accommodate future provision of a stair lift subject to technical feasibility.


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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.