2-bedroom flat · NE5 4TL
Listing removedListed 438 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Over 60s can secure this property with a Home For Life from Homewise Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease and a share of the property value to safeguard for the future.
The cost to purchase the Lifetime Lease is always less than the full market value. Over-60s customers typically save between from 20% To 50%*.
Home for Life Plan guide price for Over-60s The Lifetime Lease price for this property is £73,750 based on an average saving of 33%.
Market Value Price: £110,000 The price you pay will vary according to your age, personal circumstances and requirements and will be adjusted to include any percentage of the property you wish to safeguard.
The plan allows customers to purchase a share of the property value (up to 50%) to safeguard for the future.
For an indication of what you could save, please use our calculator on the Homewise website.
Please call for more information or a personalised quote Please note: Homewise do not own this property and it is not exclusively for sale for the over-60s.
It is being marketed by Homewise as an example of a property that is currently for sale which could be purchased using a Home For Life Lifetime Lease.
If you are not over 60 or would like to purchase the property at the full market value of £110,000, please contact the estate agent Andrew Craig.
Property description Proudly Offering a Spacious, Affordable Upper Flat in Ideal Westerhope Location.
Haggerston Crescent is a popular area, well-suited for a wide range of buyers including first-time buyers, small families and buy-to-let landlords due to its close proximity to amenities such as;- Shops and supermarkets including Kingston Park/Kenton Retail, schools and nurseries, restaurants and eateries, and sports/leisure facilities.
The area is also extremely well-served by frequent public transport routes, as well as being just a stone's throw away from the A1 for seamless commuting throughout the region.
The well-proportioned internal accommodation briefly comprises:- Stairs to upper flat, lounge/diner which is open to a well-fitted kitchen, bathroom/w.c.
With panelled bath, and two generous double bedrooms. Additional benefits include double glazing throughout and gas central heating. Externally there is a driveway to the front of the property.
This flat is a fantastic opportunity for a range of buyers and properties in this location are in demand - early viewings are highly recommended to avoid missing out!
Hallway lounge/diner 5.67m (18'7) x 3.84m (12'7) kitchen 2.02m (6'8) x 3.06m (10'0) bedroom 3.88m (12'9) x 3.84m (12'7) bedroom 3.25m (10'8) x 3.67m (12'0) bathroom 1.99m (6'6) x 1.87m (6'2) Tenure The property is Leasehold with a term of 125 years from 26th July 1982 subject to an annual ground rent of ?10.
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease.
They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage The Ofcom website states the average broadband download speed of 16 Mbps and a maximum download speed of 10000 Mbps at this postcode: NE5 4TL and mobile coverage is provided by EE, Three, O2 and Vodafone.
*The checker results are predictions and should not be regarded as guaranteed.
Council Tax The website states the property is Council Tax Band: A The Agent Of The North Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs.
Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations.
Call now on Money Laundering Regulations Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash.
You'll also need to provide us with full chain details including agents and solicitors down the chain.
To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place.
All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose.
We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale.
If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
EPC Rating: Tbc The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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About 131 Haggerston Crescent, Etal Park, Westerhope
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