SOLD | 2 bed apartment | St James Village, Gateshead

Superb 2 bedroom flat in the ever popular St James Village.

This well presented 2 bed apartment is located within Redgrave Close, in the ever popular St James Village development in Gateshead, and will no doubt attract a great deal of interest from owner occupiers and investors alike.

Location:

Ideally suited to those working or studying in Gateshead/Newcastle, with quick and easy access to the following amenities and transport links amongst many others:

Supermarkets: Aldi – Approx 4 min walk. Asda – Approx 5 min walk.
Bus stop: Approx 4 min walk.
Trinity Square, with Tesco Extra, Vue Cinema, shopping parade: Approx 12 min walk.
Newcastle Quayside, Millenium Bridge, Sage Gateshead: Approx 25 min walk.

Brief property information:

Internally, the property is immaculately presented throughout, and briefly comprises of entrance hallway, opening onto the open plan lounge/kitchen, family bathroom with 3 piece suite and over bath electric shower, master bedroom and smaller second bedroom. Quite unusually for newer build flats, this property has gas central heating, for a more efficient and effective heating system. Externally, the building is set in landscaped grounds, with a well kept communal rear courtyard, and bin store to the front of the property. There is an allocated parking bay included in the lease. There is an intercom door entry system to the main door.

The building communal areas are well maintained, with cleaners attending fortnightly and landscape gardeners retained to maintain the external areas.

Internal floor area approx: 613.54 ft 2 / 57 m 2
EPC Rating 79 (C) Potential 81 (B)
Council Tax Band A (Annual Price: £1,475.73)

Investment overview:

The property is currently let on an unfurnished basis, on an AST. Preferable terms were agreed, with rent set at £550.00PCM, however the tenants have advised that they wish to stay on if they can, and are happy for rent to be adjusted in line with market value (up to £625.00PCM). The property can also be sold with vacant possession.

Please contact 10Homes for full buyers information pack, to include tenancy documents and SC and GR statements.

Rental demand in this area is strong in our experience. The property can be managed by our property sister company, Rent North East.

Building manager: The building and grounds are managed by Trinity Estates.

Tenure:
Leasehold term : 125 years from 1 January 2002

Ground rent:
£100.00 per annum

Service charge:
Service charge: Budgeted for Period 01/06/2022 – 31/05/2023 £1,189.26
The building service charge includes communal cleaning (inc windows), reactive refuse removal, electricity for communal areas, buildings insurance, fire risk assessment, health and safety assessment, landscape maintenance, redecoration fund, as well as general building maintenance and upkeep items.

Click here to view our full buyers information pack available, to include:

Title register & plan
Completed TA6, TA7 and TA10
Ground rent and service charge statements (including budgets and annual statements)