2 Bed Apartment House For Sale Ochre Mews, Raven Road, NE8

£265,000- Apartment

1 of 15
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 5th April 2024

Description

UNIQUE & STUNNING 2 BED DUPLEX APARTMENT WITH PARKING! ***MUST BE VIEWED!***

IDEAL FOR FIRST TIME BUYERS, YOUNG COUPLES, OR INVESTORS!

A FANTASTIC two bedroom executive duplex apartment in the Arc Avenue, OCHRE MEWS development; a Grade II Listed building.

This ground / 1st floor apartment, with spacious accommodation totalling at 1,249 sq ft, comprises of an entrance hall, storage cupboard, double bedroom, bathroom with shower over bath, large fitted kitchen and dining, with integrated kitchen appliances. The stairs to the landing lead to a mezzanine level living room, master bedroom with separate dressing room and en suite shower room.
Additional benefits include an allocated parking space, private lockable storage & secured entry, with intercom. Clean and manicured communal grounds/ areas.

Located on the banks of the River Tyne . Excellent access into Newcastle City Centre & the Quayside.

The property is currently let for £1,250 per month until 27th September 2023, achieving a rental yield of 5.66%.

EPC: D. Certificate valid until 8 May 2023.
Annual service charge: £1,310.80.
Service charge reviewal period: TBC.
Annual ground rent: £250.
Ground rent reviewal period: TBC.
Leasehold period remaining: 247 Years
Local Authority: Gateshead.
Council Tax Band: Not banded at this stage.



PROPERTY MISDESCRIPTIONS ACT 1991. For clarification, The Good Estate Agency hereby informs prospective purchasers, that we have not carried out a detailed survey, nor have we tested any of the appliances or heating system and cannot give any warranties as to their full working order. Purchasers are advised to obtain independent specialist reports if they have any doubts. All measurements are approximate and should not be relied upon for carpets or furnishings.

While these particulars are believed to be accurate, they are not guaranteed and do not form a contract. Neither The Good Estate Agency nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 
Agent Details
The Good Estate Agency
The Good Estate Agency, 10th Floor, 3 Hardman Street, Spinningfields, Manchester, M3 3HF

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 2 bedroom property. See more properties like this.

£90,000
Gateshead, NE8
Flat
9.8
£165,000
Newcastle Upon Tyne, NE1
Flat
9.5
£165,000
Newcastle Upon Tyne, NE1
Flat
9.5
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested