Property description

This fabulous 2 bed/2 bath home is immaculately presented throughout, and is well situated for quick and easy access to Durham, Newcastle, Sunderland and Gateshead.

Located in the popular development of Pickering Place, this particular home is arguably in the prime position within the building, situated directly on top of the rounded bay, and benefiting from fantastic views, with The Penshaw Monument visible on the horizon.

This is an opportunity to acquire a lovely home in an ever popular location, and interest is expected from owner occupiers and investors alike.

Location:



Ideally suited to those working or studying in Durham, Newcastle, Sunderland or Gateshead, with quick and easy access to the following amenities and transport links amongst many others:

Supermarkets: Spar - 1 min drive, Sainsburys Local - 2 min drive.

Bus stop: Approx 5 min walk.

Arterial routes: The development is very close to the A1M

Brief property information:



Internally, there is nearly 700 Sq Ft of well utilised space, including an open plan lounge/kitchen, with bay windows in the lounge area, and a full range of modern fitted kitchen units in the kitchen area, a spacious master bedroom with en suite, a family bathroom, and a second bedroom.

The communal areas of this building are well maintained, and the apartment is accessed via a bright and open entrance stairwell, with double height windows leading up to the vaulted ceiling. Externally, there is reserved parking, and landscaped areas.

The communal areas are well kept, with cleaners attending regularly and landscape gardeners retained to maintain the external areas.

EPC Rating (2019) 70 (C) Potential 81 (B)

Council Tax Band C (£1958.60 min p/yr)

Investment overview:



The property is currently let on a fully furnished basis, on a periodic AST. Preferable terms were agreed, with rent set at £595.00PCM, however market value is circa £650.00PCM. The property can also be sold with vacant possession.

Please contact 10Homes for full buyers information pack, to include tenancy documents, sc and gr statements, and property records/certificates.

Building manager: The building and grounds are managed by Kingston Property Services.

Tenure:


Leasehold term : 125 years from 1 January 2005 (107 years remaining)

Ground rent: £10.00 per annum

Freeholder: Gentoo Homes

Service charge:

Projected 12 month charge (until 31/03/2023) of £940.66 has been raised/settled via Kingston Property Services

The building service charge includes communal cleaning (inc windows), electricity for communal areas, buildings insurance, fire risk assessment, landscape maintenance, emergency lighting testing, as well as general building maintenance and upkeep items.

Click here to view our full buyers information pack available, to include:

Title register & plan

Completed TA6, TA7 and TA10

Ground rent and service charge statements (including budgets and annual statements)

Tenancy documents