Terraced house for sale in Armstrong Street, Gateshead NE8

Summary

Shared ownership

Pattinson's Estate agents welcome to the market this stylish family home, presented to a great standard throughout. The property offers fantastic access to local amenities and good transport links.

Briefly comprising: Entrance hall, ground floor wc, lounge with floor to ceiling windows, modern fitted kitchen with appliances / dining, stairs to the first floor, three
bedrooms and family bathroom.

Externally the property offers a private rear garden with a communal space to the rear, a balcony from the master bedroom, parking spaces to the front

An early viewing is considered essential to fully appreciate the property and gardens.

Qualifying criteria

Total household income must be under 80,000 - This is based on all members of the household aged 18 and older whether they have joined the application or not.
Applicants are assessed and considered on a first come first serve basis.
Applicants that currently own a property must have a sale agreed on their current property before they can be considered.
Applicants must not currently own a home anywhere in the world unless a court order forces them to remain on the deed of a property where their children reside.
Applicants must be unable to afford to buy a property suitable for their family size on the open market.
The Shared Ownership property they are looking to buy must be their principle or only home and they may not sublet all or part of it.
Applicants must be financially able to buy the property and pass a financial assessment and secure a mortgage if applicable.

Share purchase price
64,750.00 (35% share)

If you buy a 35% share, the rent from 1
st April 2024 will be
216.94 a month (reviewed annually)

If you buy a larger share, you'll pay less rent.
Examples below
Share Monthly rent
50% 166.88
65% 116.81
75% 83.44
80% 66.75
The percentage share and rent amount will change depending
on the amount you can afford. You'll receive a worked example
after a financial assessment carried out by The Mortgage People.

Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 117
Shared Ownership Percentage: 35