Share Price £37,500 (from 75% Min. Share)

Full Value £50,000 | £1,875 Min. Deposit

Scheme: Over 55's Shared Ownership

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1 bedroom apartment in Newcastle upon Tyne - Newcastle upon Tyne

place ORCHARD PARK, BIRTLEY,, DH3 1PF

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Home Group Resales

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Sold with no onward chain! Set within a sought-after area for the over 55’s is this spacious one-bedroom ground floor flat with private parking.


Eligibility

Applicants must be aged 55 or over.
Applicants must have sufficient funds to either purchase the 75% share outright, or to obtain a mortgage. Applicants must also have access to sufficient funds to cover the cost of buying.

If you will be purchasing with a mortgage you must provide us with an Agreement in Principle (AIP) to support your application. Evidence in support of your AIP (or proof of funds if cash buyers) must also be provided. Further details available on request.


Description

***Please quote ORC205 when enquiring.***

- Introduction -

Sold with no onward chain! Set within a sought-after area for the over 55’s is this spacious one-bedroom ground floor flat. The flat boasts generous living accommodation, a paved pathway and private parking. The property is within easy reach of the local shops and amenities of Birtley Town Centre and a short drive to the Metrocentre and Retail World.

- What the owner says -

“Although the property is a one bedroom flat, all the rooms are a good size. At the front is an easy to maintain pathway which is private to the terrace. At the back is a small garden with a carport. Quiet road. Located close to shops.”

- Full description –

-One bedroom ground floor flat with own entrance

-Entrance hall is well-lit and fitted with wooden flooring

-Lounge at the front with windows facing the paved pathway

-Kitchen boasts matching wall and base units and contrasting worktops, stainless steel sink, free standing gas cooker, extractor, boiler for hot water and central heating, plumbing for washing machine, tiled floor, partially tiled walls and with window facing rear of property

-Bedroom with built in wardrobe and window facing the front of the house

-Bathroom has enclosed glass electric shower, wash hand basin, WC and with window facing rear of property

-Fitted carpets laid to the living areas. Tile flooring laid to kitchen and bathroom.

-Gas central heating with radiators in each room

-Garden and shed at rear

-Car port at rear

-Benefits from long lease of 970 years

- Costs –

PRICE - £37,500*

RENT - £0pm

SERVICE CHARGE - £858.15pa**

*This represents a 75% share of the full open market value of £50,000

**This includes: sinking fund, management charge, insurance charge, service charge. Rent and service charges are reviewed annually.

- Eligibility Requirements -

Applicants must be aged 55 or over.

Applicants must have sufficient funds to either purchase the 75% share outright, or to obtain a mortgage. Applicants must also have access to sufficient funds to cover the cost of buying.

If you will be purchasing with a mortgage you must provide us with an Agreement in Principle (AIP) to support your application. Evidence in support of your AIP (or proof of funds if cash buyers) must also be provided. Further details available on request.

- General Information -

Tenure: Leasehold

Lease: 999 years from 05 June 1992

Years remaining on lease: 970 approx.

Approximate internal area: 43 sq. m.

Local authority: Gateshead Metropolitan Borough Council

Council tax band: A

EPC rating: C (77)

- 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.

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

Pets: Pets are not permitted in buildings with communal areas.

Age requirements: Applicants must be aged 55 and 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

*£37,500 for a 75% share*
75% share available under the Over 55s shared ownership scheme
Sold with no onward chain!
Communal garden and parking
Gas central heating
Parking at rear
Benefits from long lease of 970 years
Easy access to A1 motorway


Download Documents

Energy Certificate

Accessibility

E+ – Minimal Steps

No published access design guidance. Properties that do not meet any accessibly housing design guidance and have a limited number of steps to enter the property. Properties in this category will have no more than four steps to access the front door and are likely to be ground floor properties or properties in a block with a lift and a small number of communal or property front door steps.


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Home Group Resales

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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.