Hackworth Way

Hackworth Way, North Shields, North Tyneside, NE29 6XS

Hackworth Way

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Available Now

  • *£70,000 for a 50% share under the shared ownership scheme *
  • Only £3,500 for a 5% deposit!
  • Viewing is highly recommended
  • Excellent starter home- perfect for families!
  • Private rear garden
  • Private drive and garage
  • Weekends are sorted with the idyllic Northumberland countryside just a stone’s throw away
  • Evenings? Take yourself to Tynemouth for dinner and a drink with friends
  • You can purchase more shares up to 100% when the time is right for you

Health

***Please quote HAC402 when enquiring.***

- Introduction -

Always dreamt of owning your own home? Tired of renting with nothing to show for it? A 5% deposit is only £3,500 on this ideal 2-bed home in North Shields. Just a stone’s throw from the ever-popular North Shields Fish Quay and the beautiful Royal Quays Marina. Ideal for commuting to Newcastle, could this be the home you’ve been waiting for?

 

Perfectly placed in the heart of North Tyneside, your new home offers an abundance of activities for your evenings and weekends. Take a shopping trip to Newcastle, a historic tour of Tynemouth Priory, a weekend wander in the rolling Northumbrian hills or simply enjoy the sunshine from your own back garden! Situated in a quiet cul-de-sac with no passing traffic. Call us to find out more!

 

- What the owner says -

“Beautiful rear south-west facing garden with a large lawned area, an outstanding feature. Rear gate to a large communal area with a lawn, cherry trees, shrubs and flowers. The property is in a private quiet cul-de-sac with lovely neighbours. A sunny house, even in winter. Good room sizes and easy to maintain. We love our kitchen, cream gloss units with granite worktops. Ample storage plus a garage.”

 

- Full Description –

Shared ownership is a government backed scheme that can be a stepping stone to completely owning your own home. If you’re finding it difficult to save for a deposit this is a great option as the amount you’ll need is based on the share you’re buying. At this property a 5% deposit is attainable at just £3,500 for a 50% share!

 

- 2 bed semi-detached house.

- Entrance hallway with storage and a downstairs WC.

- Living room (5m x 3.6m) benefits from patio doors providing access direct in to the rear garden.

- Kitchen (3.5m x 3.4m) has matching wall and base units and contrasting worktops. Integrated electric cooker and hob.

- Master bedroom (4.8m x 2.6m) with views of the rear garden.

- Second bedroom (4.5m x 2.3m) has a storage cupboard and a window to the front aspect.

- Bathroom (2.2m x 2.2m)

- Carpets are fitted to the stairs and landing. Laminate flooring is fitted through the living areas. Tiles are laid to the kitchen and bathroom.

- Gas central heating.

- Private rear south-west facing garden. Mainly laid to lawn with a patio area of seating. Access to a well maintained communal area.

- Private drive and garage.

 

- Costs –

PRICE - £70,000*

RENT - £187.29pm

SERVICE CHARGE - £34.81**

*This represents a 50% share of the full open market value of £140,000

**This includes: management charge, service charge and building insurance. Rent and service charges are reviewed annually.

 

- Eligibility Requirements -

The minimum household income requirement for this property is £21,040 ^.

If you will be obtaining a mortgage you will need at least £3,500 in savings (i.e. a 5% deposit).

 

If you will be purchasing with a mortgage you must provide us with an Agreement in Principle (AIP) to support your application. Evidence in support of your AIP (or proof of funds if cash buyers) must also be provided. Further details available on request.

 

In order to apply you must be registered with the local Help to Buy Agent - North https://www.helptobuyagent1.org.uk/apply/. You will need to provide your HTB reference when completing the application process.

 

^If your deposit is more than 5% the minimum income requirements may be less. Please contact us for further details.

 

- General Information -

Tenure: Leasehold

Lease: 125 years from 24 May 1996

Years remaining on lease: 101 approx.

Approximate internal area: 74 sq. m.

Local Authority: North Tyneside Council

Council Tax Band: A

EPC Rating: D (62)

 

- Terms and Conditions -

***Applicants must be registered with Help to Buy North. Priority is given to first time buyers. Current home owners must have a sale agreed to apply.***


- Viewings -

Viewings are held strictly by appointment - call today to arrange a mutually convenient time.

Applications are only accepted from those who have viewed the property. If you have viewed and would like to apply please register your interest with the Resales Team.

50% Ownership Pricing

Full Property Price Price For Percentage Share Monthly Rent For Share
£140,000.00 £70,000.00 £160.42

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