Property description

***Please quote WAL301 when enquiring.***

- Introduction -
Look no further if you're seeking a new place to call home. Perfectly placed in a peaceful residential area, you'll be spoilt for choice with all local amenities nearby and easy access to public transport. Benefiting from a driveway, garage and private rear garden, viewing is essential to really appreciate all this bungalow has to offer!

- What the owner says -
The property is located on a quiet residential cul-de-sac that consists of over 55 homeownership. Located between Wallsend and Byker there is a bus stop at the end of the street making easy access to local amenities. The rear garden features gravel making it easy to maintain whilst the front garden has a raised brick planter making gardening easy and enjoyable. A new boiler was installed in 2020.

- 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. At this property a 5% deposit is within reach - just £4,500 for a 75% share!

- Level access throughout.
- Living room with large windows overlooking the front aspect and fitted electric fireplace.
- Kitchen with fitted units. Gas cooker and hob fitted with dementia cut off valve.
- Master bedroom with fitted wardrobes, radiator and window overlooking matures trees and green space that add privacy and provide a screen from the main Wallsend to Byker road and Metro line.
- Second bedroom with storage space, window and radiator overlooking the front of the property.
- Bathroom with walk in shower and grab rails, hand basin and W/C.
- Fitted carpets in the bedroom, hall and lounge. Vinyl flooring in the bathroom and kitchen.
- The property benefits from gas central heating.
- Low maintenance private rear garden.
- Off-street driveway parking and garage.

- Costs –
Price - £90,000*

Rent – None payable
Service charge - £1060.29 per annum.

*This represents a 75% share of the full open market value of £120000
**This includes: Management charge, service charge, building insurance and sinking fund. Rent and service charges are reviewed annually.

- General Information -
Tenure: Leasehold
Lease: 125 Years from 1 January 2000
Years remaining on lease: 103 approx.
Approximate internal area: 66 sq. M.
Local authority: Newcastle City Council
Council tax band: A
EPC rating: C (73)

- Terms, conditions and requirements -

Deposit: If you will be obtaining a mortgage you will need at least £4,500 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.

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 The Mortgage People. 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.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Age requirements: Applicants must be aged over 55 to apply.

- Viewings -
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. Amenities

Private garden

Central heating

Disabled features

£90,000 for a 75% share available under the 55+ shared ownership scheme.

Only £4,500 for a 5% deposit

Viewing is highly recommended

Driveway and garage

Rear low maintenance garden

Easy access to Wallsend, Newcastle and Byker by bus