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Armstrong Street, Gateshead, ., NE8 4ZS

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Modern Three Bedroom House
  • Communal Gardens and Separate Private Garden
  • Popular location
  • Modern kitchen and bathroom

Description

SHARED OWNERSHIP

Pattinson's Estate agents welcome to the market this stylish family home, presented to a great standard throughout. The property offers fantastic access to local amenities and good transport links.

Briefly comprising: entrance hall, ground floor wc, lounge with floor to ceiling windows, modern fitted kitchen with appliances / dining, stairs to the first floor, three
bedrooms and family bathroom.

Externally the property offers a private rear garden with a communal space to the rear, a balcony from the master bedroom, parking spaces to the front

An early viewing is considered essential to fully appreciate the property and gardens.


QUALIFYING CRITERIA

· Total household income must be under £80,000 – This is based on all members of the household aged 18 and older whether they have joined the application or not.
· Applicants are assessed and considered on a first come first serve basis.
· Applicants that currently own a property must have a sale agreed on their current property before they can be considered.
· Applicants must not currently own a home anywhere in the world unless a court order forces them to remain on the deed of a property where their children reside.
· Applicants must be unable to afford to buy a property suitable for their family size on the open market.
· The Shared Ownership property they are looking to buy must be their principle or only home and they may not sublet all or part of it.
· Applicants must be financially able to buy the property and pass a financial assessment and secure a mortgage if applicable.

Share purchase price
£64,750.00 (35% share)

If you buy a 35% share, the rent from 1
st April 2024 will be
£216.94 a month (reviewed annually)

If you buy a larger share, you'll pay less rent.
Examples below
Share Monthly rent
50% £166.88
65% £116.81
75% £83.44
80% £66.75
The percentage share and rent amount will change depending
on the amount you can afford. You'll receive a worked example
after a financial assessment carried out by The Mortgage People.

Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 117
Shared Ownership Percentage: 35

External front

Living Room

Kitchen

Dining Room

Bathroom

Bedroom 1

Bedroom 2

Bedroom 3

Balcony - Master Bedroom

External rear

Floor plan

Brochures

Brochure

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: C

Armstrong Street, Gateshead, ., NE8 4ZS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Dunston Station1.0 miles
  • Gateshead Stadium Tram Stop1.3 miles
  • Newcastle Central Station1.5 miles
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About the agent

Pattinson Estate Agents, Low Fell

425 Durham Road, Low Fell, Gateshead, NE9 5AN

Pattinson Estate Agents, Low Fell

Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in 45 years we have grown from 1 office to 26, with over 220 members of staff.

And, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, conveyance and surveys, and we have

More properties from this agent

Industry affiliations

Royal Institute of Chartered Surveyors

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Disclaimer - Property reference 452774. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Low Fell. Please contact the selling agent or developer 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 or the Home Report if in relation to a residential property in Scotland.

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