Property for sale: House on market in Newcastle for £72,500

Property for sale: House on market in Newcastle for £72,500 1037930 1

A lovely three bed terraced house in Newcastle has been put on the market for just £72,500.

Many will be shocked at the cheap price of the home in the popular northern city.

Kept in good condition, with a garden and three double bedrooms, why is it on the market for so little?

A closer look at the advert, listed by Your Move, reveals why.

The advert for the property reads: “A fantastic opportunity to get onto the property ladder.

“A beautifully presented, terrace town house, located on the sought after Central Grange estate, Kenton. The property is spread over three floors.”

The reason the property is so cheap is because it is being sold on a 50 per cent ownership basis.

“Rent is payable on the remaining 50 per cent to Karbon Homes,” the ad revealed.

“Charges currently apply (26/10) of £279.01 per month rent and £9.97 per month admin and buildings insurance.”

“Further verification of this should be obtained via your own Solicitor prior to purchase,” it added.

The property boats a downstairs toilet and a garden.

The master bedroom has an en-suite shower room and a walk in closet.

In terms of the location the property is: “Ideally situated with excellent transport links to Newcastle City Centre, Newcastle International Airport and the A1 motorway.”

What is more the advert states the home would be ideal for families.

It said: “This property is an ideal family home, with proximity to a selection of Local primary and secondary schools.”

What are the least expensive towns in the UK to live? 

A new study by Lloyds Bank has revealed that homeowners actually need to pay £40,000 extra to live in a market town.

Grand Designs Kevin McCloud has told the one tip he advises all Britons who are building a house to follow. 

Kevin told “The important thing when we are building new is to do it according to principles called fabric first, which basically means to build a house that has a good thermal mass, is well insulated, is triple glazed.”

Source : EXPRESS

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