Share Price £56,250 (from 75% Min. Share)

Full Value £75,000 | £2,813 Min. Deposit

Scheme: Over 55's Shared Ownership

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2 bedroom apartment in Tyne & Wear

place Orchard Park, Birtley, DH3 1PF

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Home Group Resales

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Two Bedroom First Floor Flat


Eligibility

Applicants must be aged 55 or over.

Applicants must have sufficient funds to either purchase the 70% 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.

In order to apply you must be registered with the local Help to Buy Agent - North East, Yorkshire and Humberside, https://www.helptobuyneyh.co.uk/apply/. You will need to provide your HTB reference when completing the application process.

- Terms and Conditions -

***Applicants must have a local connection to Birtley.***

- Viewings -

Viewings are held strictly by appointment - call today to arrange a mutually convenient time.

Applications are only accepted from those who have viewed the property. If you have viewed and would like to apply please register your interest with the Resales Team.


Description

***Please quote ORC616 when enquiring.***

- Introduction -

Looking to downsize or for somewhere easier to manage? This two-bedroom apartment is ideally located in the town of Birtley, South of Gateshead. With lots of greenery and parks around, this is the perfect home to wind down in. Within walking distance from the town, you will have access to local and recreation amenities including the nearby swimming centre. With easy access to the A1 you’ll reach the bustling city of Newcastle in no time.

- What the owner says -

“The kitchen overlooks a quiet road and a catholic club. It is a short walk to the centre of the town which has shops, amenities and the main bus stop route. The favourite features of the property are the quiet location and the size of the rooms.”

- Full Description -

Two bedroom apartment.

Telephone entry system providing security and peace of mind.

Living room (4.06m x 3.10m) has views onto the garden.

Kitchen (4.60m x 2.05m) boasts fitted wall and base units with contrasting work tops. Windows to the front aspect.

Master bedroom (3.56m x 3.11m) with fitted blinds and views to the rear garden.

Second bedroom (3.09m x 1.99m) with built in cupboard and fitted blinds.

Bathroom (1.99m x 1.99m) has a bath, wash basin and WC. Also has tiled shower walls and windows.

Carpets laid throughout living areas. Vinyl flooring to kitchen and bathroom.

Gas central heating.

Communal garden.

Private off-street parking.

- Costs -

PRICE - £56,250*

SERVICE CHARGE - £732.96 per annum **

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

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

- General Information -

Tenure: Leasehold

Years remaining on lease: 973 years.

Approximate internal area: 56 sq. m.

Local Authority: Gateshead Metropolitan Borough Council

Council Tax Band: A

EPC Rating: 80 (C)


Key Features

*£56,250 for a 75% share*

75% share available for ages 55 and over under the shared ownership scheme

Viewing is highly recommended

Excellent home to relax in

Communal garden

Private off-street parking

Walking distance to public transport

Easy access to A1


Download Documents

Energy Certificate
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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.