2 Bed Flat, Cash/Bridging Only, Gateshead, NE8 2DB, £109,950

Cameronian Square, Worsdell Drive, Ochre Yards, Gateshead, NE8 2DB - 1 views - 3 months ago

Leasehold
Cash
ROI: 7%
~55 m²
+7 photos

ValuationFair Value











Investment Opportunity



































Property History

Price changed to £109,950

January 31, 2025

Listed for £115,000

December 26, 2024

Floor Plans

Description

  • First Floor +

  • No Chain Involved +

  • Lifts To All Floors +

  • Approx. Floor Area: 55sqM or 589sqFT +

  • Council Tax Band B +

  • EPC RATING D +

This two-bedroom apartment in the sought-after Ochre Yards development is perfect for first-time buyers, professionals, or investors alike – with no onward chain.

Offering convenient access to the City Centre and Quayside, this home is perfect for those seeking a vibrant urban lifestyle with all amenities close by.

Similar apartments in the block let from £900pcm.

Comprising an entrance lobby with storage cupboard including washing machine and water heater. Spacious living and kitchen area featuring a Juliet balcony. Integrated appliances including electric oven, hob, fridge freezer, dishwasher and extractor fan. Bathroom with shower over bath and extractor fan. Two double bedrooms, each with its own Juliet balcony.

Please note that any services, heating system, or appliances have not been tested and no warranty can be given or implied as to their working order.

Enjoy the benefits of secure allocated parking and convenient lift access to the first floor.

We understand the property is on a 125 year lease from 2005 leaving approx. 105 years remaining at the time of listing. The annual service charge is approximately £2305.54 per annum or £192 a month and the ground rent is approximately £195 per annum and is increased every 5 years in line with the retail price index. Please note we have not inspected the head lease.

The building has a valid EWS1 form

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QLF240415/2

Agent Details

YOUR MOVE Chris Stonock, Low Fell

0191 625 1052

Next Steps?

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