Property Details

Tube Court

£56,000 for 40%
Scheme: Shared Ownership
Developer: Home Group
Development: Tube Court
2 1
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About this Property

Property Features:

A 5% deposit is just £2,800!  

Fantastic opportunity to take a step onto the property ladder

*£56,000 for a 40% share*

Viewing is highly recommended

Excellent starter home

Top floor flat within a five storey building

Private off-street parking

Stunning views

Walking distance to Newcastle Gateshead’s vibrant quayside scene

Property Overview:

***Please quote TUB330 when enquiring.***

 

- 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 -

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 - £56,000* | RENT - £218.50pm | SERVICE CHARGE - £129.18pm**

*This represents a 40% share of the full open market value of £140,000

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

 

- Eligibility requirements -

The minimum household income requirement for this property is £20,172^.

If you will be obtaining a mortgage you will need at least £2,800 in savings (i.e. a 5% deposit).

 

^If your deposit is more than 5% the minimum income requirements may be less. Please contact us for further details.

 

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 – NEYH: https://www.helptobuyneyh.co.uk/apply/. You will need to provide your HTB reference number (or approval letter) when completing the application process.

 

- General information -

Tenure: Leasehold

Lease: 125 years from 1 January 2015

Years remaining on lease: 121 approx.

Approximate internal area: 58 sq. m.

Local Authority: Newcastle City Council

EPC Rating: B (82)

 

- Terms and conditions -

***Applicants must have a local connection to Tyne and Wear and be registered with North East, Yorkshire and Humberside. Priority is given to first time buyers.***


- 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.

 

VIEWINGS STRICTLY BY APPOINTMENT ONLY – CONTACT 0191 731 1445 FOR MORE INFORMATION

 

How Help to Buy works

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20%
Your Mortgage
 
75%
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