SOLD | Sanderson Villas, St James Village, Gateshead

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

This is a fine example of a 2 bed apartment at the ever popular St James Village development in Gateshead. Located on the top floor, with a great outlook, this home 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 comprises of entrance hallway, opening onto the family bathroom, open plan lounge/kitchen with juliet balcony offering great views over the development, and 2 spacious bedrooms. 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 communal rear courtyard, and bin store to the front of the property. There is an allocated parking bay included in the lease.

The communal areas are well kept, with cleaners attending fortnightly and landscape gardeners retained to maintain the external areas. The communal carpets have all just been changed, funding for which was taken from the redecoration fund including in the service charge.

EPC Rating (2021) 76 (C) Potential 79 (C)
Council Tax Band A (£1,363 p/yr)

Investment overview:

The property is currently let on a part furnished basis, on a 12 month AST from 9th August 2021. Preferable terms were agreed, with rent set at £575.00PCM, 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 £650.00PCM). The property can also be sold with vacant possession.

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

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

Tenure:
Leasehold term : 125 years from 1 January 2004

Ground rent: £100.00 per annum

Service charge:
£1074.60 per annum.
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)
Tenancy documents
Property certificates