2 bedroom apartment for sale
Key information
Property description & features
- Reserved parking bay
- Share of headlease (better than regular leasehold)
- Recently modernised
- No cladding issues
Jesmond boasts excellent local amenities, including highly regarded schools such as West Jesmond Primary School, rated "Outstanding" by Ofsted. West Jesmond Metro Station is located a short distance to the north of the subject property while neighbourhood retailing is provided on nearby Brentwood Avenue and St Georges Terrace/Acorn Road. In addition a Sainsburys convenience store is located on Lyndhurst Road a short distance to the north.
The area is rich in recreational spaces, with Jesmond Dene offering picturesque walks and outdoor activities. Osborne Road, known for its vibrant café and restaurant scene, is just a short stroll away. The locality also features several supermarkets, boutique shops, and essential services like doctors' surgeries and dental practices.
Internally, this property features numerous upgrades throughout, including a recently fitted kitchen with sleek white high gloss base and wall units, and a modern bathroom with a tiled bath surround and over-bath shower.
Externally, there is a reserved parking bay, which is always a bonus in a City Centre location!
This property is an ideal choice for those seeking contemporary living in this very desirable location.
Transport Links:
The apartment benefits from excellent transport links. Jesmond Metro Station is a mere 5-minute walk, providing quick access to Newcastle City Centre and beyond. Major road connections, including the A167, are easily accessible, facilitating convenient travel by car. Newcastle International Airport is approximately 15 minutes away by car, offering extensive domestic and international flight options.
Factual Data:
EPC Rating: C
Council Tax Band: C (Approx £2,039PA)
Tenure: Leasehold. 125 Years (Less 10 Days) From 1 January 1992
Internal Floor Space: 581 ft2/ 53.97 m2 approx
For Investors:
Jesmond is a sought-after area with strong rental demand, particularly from professionals and students due to its proximity to Newcastle University and Newcastle City Centre. The local rental market shows consistent growth, making this apartment a promising investment opportunity. Recent urban development projects in the vicinity are expected to further enhance property values. The rental value for this unit is circa £900PCM.
Tenure:
There is a head lease granted to incorporate the leasehold units. The leasehold for each unit within Jesmond Place was set at 125 years. The headleases have been split up into 30 shares, with each unit being allocated 1 equal share of the management company.
Ground rent/service charges:
There is currently a ground rent in place for each unit, however the vendors will waive this for buyers.
Service charge:
The service charge is currently £1647.15PA
Utilities:
There is no gas supply.
The unit is supplied with metered electricity.
Water is not separately metered, rather it is split annually equally between the units and charged to each unit.
The electricity, waste, and fresh water charges for the communal areas are included in the service charge costs.
Block management:
The block management is currently administered by HLM property management.
Searches:
Current searches are available.
Council Tax Band: C
Tenure: Leasehold
Lease Years Remaining: 92
Ground Rent: £0.00 per year
Ground Rent Review Period: 0 years
Ground Rent Increase: 0%
Service Charge: £1647.15 per year
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Property reference 12448194. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rent North East - Gateshead.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on October 4, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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