Share Price £48,000 (from 40% Min. Share)

Full Value £120,000 | £2,400 Min. Deposit

Scheme: Shared Ownership Resales

Under offer

2 bedroom apartment in Newcastle upon Tyne - Newcastle upon Tyne

place Tube Court, Howard Street, NE1 2DB

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Cosy two-bedroom top floor flat on the beautiful Quayside


Eligibility

Minimum household income requirement: £20,047^

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.

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


Description

***Please quote TUB630 when enquiring.***

- Introduction -

Feeling frustrated with renting? Struggling to save for a deposit? This two-bed apartment overlooking the iconic Gateshead Millennium Bridge, Sage and Baltic Centre for Contemporary Art might be the answer.

Choose from a plethora of activities in Newcastle Gateshead, explorehistory and heritage, breath-taking architecture and impressive innovation.Experience the famous Newcastle Gateshead thriving nightlife, culture and events from showstoppingtheatre, comedy andlive musicthat sits alongside theclubs, cocktail bars andindependent breweries. Why not start your independence here?

- What the owner says -

“The apartment is situated within the quayside area of Newcastle and is within easy walking distance of the vibrant quayside scene, trendy Ouseburn area and city centre shops, bars and restaurants.

The main rooms of the apartment overlook the cityscape towards the River Tyne with views of the Baltic Centre for Contemporary Art, the Sage and the Gateshead Millennium Bridge. The living room has a Juliet balcony which opens to the quayside skyline and gives a sense of living in the centre of everything.

The apartment is very peaceful as it is one of only two penthouse apartments on the top floor. As there are no adjoining apartments a lot of privacy is enjoyed.”

- Full description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying.

Two-bed top floor apartment.

Communal entrance lobby with lift to all floors.

Entrance hall with telephone entry system for added security and peace of mind.

Living room (3.2m x 4.7m) with French doors opening to Juliet balcony. Kitchen off (3.7m x 2.2m) includes integrated electric oven, gas hob, extractor, fridge/freezer and washing machine.

Master bedroom (4.7m x 2.6m). Second bedroom (3.4m x 2.4m).

Family bathroom (2.3m x 2.1m) has bath with overhead shower, glass screen, wash basin and WC.

Laminate flooring laid throughout, with vinyl to the bathroom.

Two large storage cupboards.

Gas central heating throughout.

Communal gardens.

Private off-street parking.

- Costs –

PRICE - £48,000*

RENT - £226.37pm

SERVICE CHARGE - £110.84pm**

*This represents a 40% share of the full open market value of £120,000

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

- General Information -

Tenure: Leasehold

Lease: 125 years from 1 January 2015

Years remaining on lease: approx.120

Approximate internal area: 58 sq. m.

Local authority: Newcastle City Council

Council tax band: B

EPC rating: B (82)

- Terms, conditions and requirements -

Minimum household income requirement: £20,047^

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.

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


- 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

  • *£48,000 for a 40% share*
  • You can purchase more shares up to 100% when the time is right for you
  • Fantastic opportunity to take a step onto the property ladder
  • Excellent starter home- viewing is highly recommended
  • Top floor flat within a five-storey building
  • Private off-street parking
  • Stunning views
  • Walking distance to Newcastle Gateshead’s vibrant quayside scene

Download Documents

Link to the floor plan Energy Certificate
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Calculate Monthly Cost

Share price
£ 48,000
Min. £48,000
Share percentage
Min. 40%
Your deposit
Min. £2,400
Monthly cost*
£576
Cost breakdown
£226
Rent
£111
Service charge
£239
Mortgage*
Calculated using a representative rate of 3.94%
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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.