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2 Bed Flat For Sale Caradoc Close, Washington, NE38

£75,000- Flat

Yield: 8.32%
1 of 12
Yield: 8.32%
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  • Rental Guide: £415 - £520
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Tenure: Leasehold
  • 2 Bedroom First Floor Flat
  • All Modern And Neutral Inside.
  • Catchment Area For Excellent Local Schools
  • Long Lease
  • Modern Kitchen And Bathrooms
  • Popular & Quiet Residential Area
  • Popular And Quiet Cul-de-sac
Last Updated: 26th March 2021

Description

Immaculate and modern two bedroom upper flat in a quiet cul-de-sac (with good parking) in Caradoc Close, Lambton. With modern kitchen and bathroom as well as beautiful neutral décor this property is sure to impress.

The well-presented accommodation briefly comprises of: communal security entrance, private balcony, entrance hall, open plan lounge/dining area, modern fitted kitchen, two bedrooms, utility/office/storage room and a modern bathroom. In addition the property is gas centrally heated via a serviced gas boiler and has uPVC windows.

The property is a short walk away from Lambton centre with great transport links and The Galleries shopping centre with a range of shops to restaurants as well as a sports centre/swimming pool.

Lambton is home to its own well rated Primary school, Holly Park Primary School is a short distance away, additional schools are located within Oxclose one of the neighbouring villages. Transport links are excellent for both public transport users and commuters with both A19 and A1 being a short drive.

Entrance Hall 14' 3" x 4' 9" (to 1.02) (4.35m x 1.46m (to 1.02))
Welcoming entrance hall with security intercom and large double cupboard.

Utility/Office
Flexible space which can be used as a home office/utility or a large cloak room.

Living Room 13' 11" x 11' 9" (4.25m x 3.58m)
Large and bright living area with wood effect flooring and neutral décor.

Dining Area 7' 10" x 7' 6" (2.38m x 2.29m)
Open to the lounge via an archway this separate dining area is a great size and also has window to the rear.

Kitchen: 8' 7" x 7' 7" (2.62m x 2.3m)
Modern kitchen with a range of units and contrasting worktops, complete with double oven, gas hob with extractor and stainless steel sink as well as new integrated fridge.

Bathroom: 6' 10" x 6' 1" (2.09m x 1.85m)
Modern bathroom with white 3 piece suite, fully tiled with tile flooring.

Bedroom One 11' 2" x 10' 5" (3.4m x 3.17m)
Double sized bedroom with carpeted flooring and neutral décor.

Bedroom Two 10' 5" x 6' 0" (3.17m x 1.84m)
Large single sized bedroom with carpeted flooring and neutral décor.
Agent Details
Riverside Residential Property Services
21a, Lowthian Terrace, Washington, NE38 7BA
Show Contact Number
0191 416 9944
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
7.8

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a poor return.
3

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£2,250
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a higher regular return, when compared to other conservative investments.
8

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro 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.
Rental Data
2 Bedroom properties in “NE38” are mostly listed between £415 - £520. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested