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2 bedroom flat for sale

Newsteads Close, Whitley Bay, Tyne and Wear, NE25 9YA


Property Description

Key features

  • Two Bedrooms
  • Shared Ownership Opportunity
  • Rare to the Market
  • Rear Garden
  • Off Street Parking

Full description

Tenure: Freehold

Pattinson welcome to the sale market this shared ownership opportunity in this popular area of Whitley Bay. We offer for sale a 70% share of this two bedroom apartment for the very attractive price of �85,000
There is also an age restriction and is only for over 55`s

For more information or to arrange a viewing call into your local office today.

About shared ownership

Shared ownership is a scheme that helps people get onto the property ladder who might have previously thought buying a new home was unaffordable.
Through shared ownership, you can buy a share in the property with a mortgage and pay an affordable rent for the remaining share that you don�t own. You can initially own a share between 25% and 75% of the property, and over time you can buy more shares until you own the property outright.

As a shared owner, you will benefit from any increase in market value over time, but equally if the market value decreases your share value can also go down.

You will be able to make any alterations and improvements to your home, as well as selling it if you want to move. To access shared ownership you will need to meet a minimum set of qualification criteria which includes an income assessment to make sure you can afford the mortgage and rent. If you currently own a property, you may qualify for shared ownership in some circumstances. Once you have been approved and have chosen a new home, you will purchase the property just like any other new home � obtaining a mortgage from the lender of your choice.

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
22 November 2016

Map & Street View

Disclaimer - Property reference 305229. The information displayed about this property comprises a property advertisement. 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, Whitley Bay. 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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