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Cormorant Drive, Newcastle Upon Tyne, NE11

Shared ownership
Added on 08/10/2020
Home Group, Re-Sales, Farringdon
990 sq. ft.
(92 sq. m.)

Key features

  • *£65,000 for a 50% share available under the shared ownership scheme*
  • You can purchase more shares up to 100% when the time is right for you
  • Sold with no onward chain!
  • Excellent starter home
  • Enclosed private rear garden
  • Private driveway
  • Walking distance to public transport
  • Easy access to A1, Newcastle City Centre and Metro Centre
  • Attractive fireplace

Property description

Tenure: Leasehold, 106 years remaining

***Please quote COR614 when enquiring.***

- Introduction -
Sold with no onward chain! With easy access to Newcastle City Centre, an abundance of local amenities and the gorgeous Quayside only a stone's throw away; why not say yes to this stunning three-bed home? It is on a quiet cul-de-sac near to local amenities such as a pub, café, shops, takeaways and gyms. Close to a good bus link to Metro Centre, Gateshead and Newcastle. The property is well situated for access to the A1, Gateshead and Newcastle. It is a lovely walk along riverside to Gateshead and Newcastle Quayside passing impressive Dunston Staiths a historic landmark where food markets are held in summer. It has partial river views to one bedroom. It is a 6 minute walk from a primary school and 25 minutes walk from a secondary and there is a children's play area on estate. There are various cycle routes you can do from home.

- What the owner says -

"It is easy to maintain and economical for utility bills, the lounge has a large window that lets in lots of natural light and the other rooms are light and bright with neutral decoration. I like being able to eat in kitchen that leads to a conservatory which is a nice place to sit and relax. I like that the back garden has high fences so is private."

- 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.

Three-bed mid-terrace house
Living room (5.1m x3.8m) has a fireplace and window to the front aspect.
Kitchen/diner (2.74m x 4.85m) has built-in units, extractor fan and doors leading to the conservatory and garden.
Master bedroom (3m x 4m) is a double with window to rear aspect.
Second bedroom (3m x 3.8m) is a double and third bedroom is a single (2.65m x 2.35m) with windows to the front and aspect.
Bathroom (1.7m x 2.1m) has a bath, wash hand basin and WC. A window is to the rear aspect.
Carpet is fitted to the living arears and two double bedrooms. Wooden flooring is laid to the single bedroom. Kitchen/diner has wooden laminate. Vinyl is laid to the bathroom.
Gas central heating.
Enclosed rear garden with conservatory and shed.
Private driveway.

- Costs -
PRICE - £65,000*
RENT - £183.34pm
SERVICE CHARGE - £21.49pm**
*This represents a 50% share of the full open market value of £130,000
**This includes: management charge and building insurance. Rent and service charges are reviewed annually.

- General Information -
Tenure: Leasehold
Lease: 125 years from 1 January 2001
Years remaining on lease: approx. 106
Approximate internal area: 92 sq. m.
Local authority: Gateshead Metropolitan Borough Council
Council tax band: B
EPC rating: C (70)

- Terms, conditions and requirements -

Minimum household income requirement: £19,985^

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 Metro Finance. 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.

Help to Buy Agent: In order to apply you must be registered with Help to Buy North You will need to provide your HTB reference when completing the application process.

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

- Viewings -
In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and 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.

Energy Performance Certificates


Cormorant Drive, Newcastle Upon Tyne, NE11

Approximate location


Distances are straight line measurements from the centre of the postcode
  • Dunston Station0.5 miles
  • MetroCentre Station1.0 miles
  • Newcastle Central Station1.2 miles
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About the agent

Home Group, Re-Sales, Farringdon

Home Group Limited, Farringdon Point, 33 Farringdon Road, London, EC1M 3JF

Home Group, Re-Sales, Farringdon

In your retirement you deserve the best.

Home provides independent affordable and secure living, with apartments over the South East.

Our retirement schemes cater for the active elderly with the added security of a Scheme Manager during the day. All the properties are fitted with an emergency alarm system linked to a care line response centre

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Industry affiliations

Association of Residential Letting AgentsNational Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)

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Disclaimer - Property reference COR614. 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 Home Group, Re-Sales, Farringdon. 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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