Share Price £92,505 (from 70% Min. Share)

Full Value £132,150 | £4,625 Min. Deposit

Scheme: Over 55's Shared Ownership

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2 bedroom house in Newcastle upon Tyne - Newcastle upon Tyne

place BOWES COURT, SOUTH GOSFORTH, NE3 1SL

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TWO BED BUNGALOW - RETIREMENT PROPERTY

Eligibility

***Applicants must be retired. A local connection to Newcastle is required. Priority is given to those registered with Help to Buy North East, Yorkshire and Humberside. A financial assessment to determine prospective buyers’ eligibility is required prior to being accepted to purchase (further information is available on request).***

Description

This two bedroom bungalow is situated in Bowes Court: a popular residential development with easy access to local shops, amenities and transport links. The property benefits from a quiet cul-de-sac location and has a conservatory, off-street parking and a garden to rear.

Full description

-Entrance porch (1.09m x 0.90m).

-Living room (5.71m x 2.92m) with window to front and view to rear via conservatory (2.90m x 1.95m).

-Kitchen (3.40m x 1.70m) with window and gas hob/oven, extractor, fridge/freezer and washer/dryer.

-Double bedroom (3.21m x 2.90m) with fitted wardrobes and view to front.

-Single bedroom (2.90m x 1.79m) with view to front.

-Bathroom (2.69m x 1.91m) with three-piece suite and walk-in shower. Partially tiled walls and window.

-Garden with shed to rear.

-Fitted carpets laid throughout living areas. Vinyl flooring laid to kitchen and bathroom.

-Gas central heating and double glazing throughout property.

Costs

TWO BED BUNGALOW

PRICE - £92500* | SERVICE CHARGE - £467.66pa†

*This represents a 70% share of the full open market value of £132150

†This includes: management charge, service charge and building insurance charge. This is reviewed on an annual basis.

General information

Lease: Surrender and Regrant - 60 years

Local Authority: Newcastle City Council

Council Tax Band: B

EPC Rating: C (73)

Viewings

Viewings are held strictly by appointment - call today to arrange a mutually convenient time. If - after viewing the property - you would like to make an offer, you must register your interest with the Resales Team.

Key Features

  • No upper chain
  • Retirement property for the over 55s
  • No rent payable
  • Quiet location with no through traffic
  • All windows provide views of gardens and greenery
  • Approx. 10 minute walk to South Gosforth metro station
  • Close to South Gosforth’s shops, amenities and eateries
  • Dual aspect views through living room/conservatory
  • Off-street parking
Property brochure
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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.