£180,000

Manor Chare, Quayside, Newcastle upon Tyne — Manor Chare, Quayside, Newcastle upon Tyne

UPRN 4510706316
1Bedrooms
2Bathrooms
1Reception rooms

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About this home

A well presented two bedroom corner apartment, located on the 2nd floor of the popular Manor Chare, with two balconies with lovely views over the surrounding greenery. The apartment, a successful let for many years and ideal for investors and first time buyers, benefits from secure allocated underground car parking space, a private balcony with views, and double glazing – offered with no upward chain. Manor Chare is ideally located on the Quayside for access to all the bars, restaurants and cafes that are close by, as well as offering good accessibility into Newcastle City Centre with its shops and excellent transport links throughout the region. The accommodation comprises: Communal entrance hallway with lift and stair access to all floors | Private entrance on the 2nd floor | Entrance hallway | Open plan kitchen/diner with lovely dual aspect views and a balcony with lovely views. The kitchen is well equipped with fairly modern cabinetry and worktops, as well as integrated appliances | Bedroom one with ensuite shower room WC and further external balcony | Bedroom two | Family bathroom with three piece suite | Underground car parking space. Rental income is £1200 pcm, which is £14,400 PA equivalent to 8.5% gross yield, subject to service charges at £3051 PA and £250 ground rent PA. Services: Mains electric, water and drainage | Tenure: Leasehold | Lease Remaining: 103 Years | Service Charge: £3051.04 per annum | Ground Rent: £250 per annum | Council Tax: Band D | Energy Performance Certificate: Rating C

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£966per month

Fixed 5.2% interest rate

Monthly repayments are indicative and for guidance only. The amount you can borrow depends on your circumstances and is subject to a full application.

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Your situation

£1,100

0.6% effective rate

£125,000–£180,000 at 2%
£1,100

This calculation is a guide only and assumes a single residential purchase by a UK resident. Confirm with your solicitor or adviser.

Manor Chare, Quayside, Newcastle upon Tyne

Area at a glance

  • House pricesAbove UK Average
  • Living costsSimilar to UK Average
  • Transport linksSimilar to UK Average
  • Local amenitiesBelow UK Average
  • Safety of areaAbove UK Average
  • SchoolsAbove UK Average
  • Healthcare accessAbove UK Average