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5 Bed House House For Sale Ash Meadows, Washington, NE38

£920,000- House

Yield: 2.39%
1 of 15
Yield: 2.39%
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  • Rental Guide: £1,465 - £1,835
  • 5 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
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Last Updated: 27th March 2021

Description

*CLICK ON THE VIDEO TOUR BUTTON ON ( ... ) TO VIEW OUR HD MOVIE OF THIS EXCEPTIONAL PROPERTY*

Set within a prestigious small development of executive homes, this individual architect designed residence lies alongside Lord Lambton's Estate. Constructed approximately 33 years ago, this highly desirable family home boasts a wealth of space, inside and out.

Stone steps take you to the main entrance door which opens to reveal an inviting reception hall with staircase rising to the first floor. The principal reception room consists of a formal lounge and dining area, whilst the family room features patio doors affording both outlook and access to the rear garden. The ground floor continues to impress with a versatile home office, large breakfasting kitchen, utility room and guest cloakroom/wc.

At first floor level you have five double bedrooms, four benefiting from access to en suite facilities, as well as a family bathroom.

Outside, the property occupies an enviable generous plot and is approached by a sweeping block paved driveway. The drive offers ample parking and access to the integral double garage via an electric door. The stunning landscaped gardens are a wonderful highlight, consisting of lawn areas to the front, side and continuing to the rear. The rear garden cannot fail to impress with its extensive lawn, mature trees, shrubs and planted borders. A large patio with outdoor oven provides the perfect setting for entertaining and dining outdoors.

The size of the plot could potentially allow for further development, subject obtaining the relevant permissions and consents. (Please note no formal enquiries have been made in regard to this).

The location is highly regarded and offers convenient access to the A1M providing excellent commuter links to Durham, Newcastle and Sunderland City centres as well as Newcastle International Airport.
Agent Details
Fine & Country
119-121 St Georges Terrace, Jesmond, NE2 2DN
**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.
2.0

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 very poor return.
0

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:
£21,000
Buy To Let or Second Home:
£48,600
The governments recent policies, including higher tax rates for this property price band, could restrict future price increase.
4.2

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
2

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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1.9
£949,000
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Yield: 2.32%
ROCI: 3%
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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
Sorry, there are few recent rental listings in proximity to this property.

5 Bedroom properties in “NE38” are mostly listed between £1,465 - £1,835 based on the 1 recent listing found.

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