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£95,000

Park Road, Newcastle Upon Tyne, Tyne And Wear, NE4

  • 2 beds
Flat

£95,000

  • 2 beds
Flat
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Estimate monthly mortgage payment:

£434 per month

Minimum deposit amount:

£4,750
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** ULTRA-LOW-MAINTENANCE TWO BEDROOM APARTMENT, WITH ALLOCATED PARKING AND NO ONWARD CHAIN ** Located in the Cruddas Park area of Newcastle, The Cedars is a modern apartment block ideal for easy access into the City Centre (15 min walk) and riverside (5 min walk). It benefits from all the amenities and transport links the Toon has to offer, while providing its residents with a calm, quiet, and safe environment to live in. Its recently renovated interior and exterior offers a number of luxurious features, along with a dedicated team of excellent caretakers to maintain them.

Featuring an open plan living/kitchen area (230 sq ft), two double bedrooms (130 sq ft each), bathroom (40 sq ft), a long hall (65 sq ft) and two storage closets (20 sq ft), this first floor apartment is located in the south corner of the block, placing it in an ideal position for receiving lots of natural sunlight and great, unobstructed views all day long. Its double-glazed aluminium windows garantee good thermal and noise insulation, even in the vicinity of the often busy Scottswood Road.

The apartment block benefits from a videosecurity system, lift and stairs accessibility, well-managed waste disposal infrastructure, and most important of all, a highly-efficient, centralised district heating system (water-based) that will keep the occupants cozy thoughout the whole year at unparalleled low energy costs. Overall Energy Efficiency Rating C.

Offered with an allocated parking space for use by the residents and their guests at the front of the property, and a privileged access to the leafy, well-kept comunal gardens, the apartment pays Council Tax Band A, and has access to high-speed internet and digital TV, as well as excellent coverage for mobile communications. 

The Cedars is covered by a number of special stipulations aiming at facilitating access of first-time buyers to the property ladder and protecting all owners & their properties. Apartments are ony available for owner-occupiers, making them ideal for single professionals, couples, or small families wishing to enjoy city life and still be able to make substantial monthly savings and to build equity. No large animals are allowed to live at the property. The ground rent is reviewed only every 10 years, with the next review date in 2031. The Freehold is owned by Newcastle City Council (NCC), who also manages the various maintenance and repair works and services, keeping service costs and ground rent accessible. In 2019, NCC completed extensive renovations throughout the building to ensure full compliance with fire safety & emergency regulations. A small but active Resident's Association represents the owners in official exchanges with NCC, and are always available to support their comunity.

Your estimated purchase costs

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Stamp Duty tax
These figures are estimates and are provided for guidance only
£0
Mortgage and legal costs:
£999
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