1 bed Flat For Sale £135,000
Centralofts, 21 Waterloo Street, Newcastle upon Tyne, NE1

* ONE BEDROOM APARTMENT IN NEWCASTLE CITY CENTRE, WITH NO ONWARD CHAIN * The apartment benefits from a city centre location with access to transport links, shops, bars & restaurants. With a total floor area of approximately 55 square meters the apartment includes use of a car parking space, and a private balcony overlooking a public communal courtyard. Part time concierge service and lift access included within the building. The accommodation provides; entrance hall, open plan living/kitchen area, private balcony, double bedroom and bathroom. Energy Efficiency Rating C.

Entrance Hall
Storage cupboard housing hot water tank.

Living Room/Kitchen Area
(7.60m x 3.52m MAX)
Living Area
Double glazed windows and doors leading to private balcony, wall mounted electric radiator, Hyperoptic/Openreach connection points and entry phone system.

Kitchen Area
Range of wall and base units with worktop surfaces incorporating stainless steel sink unit with mixer tap, electric oven and hob with extractor fan above, built in fridge/freezer, dishwasher and washing machine.

Bedroom
(4.28m x 2.92m MAX)
Double glazed window, wall mounted electric radiator.

Bathroom
(1.93m x 1.52m)
Panelled bath with shower overhead, WC, pedestal wash basin, extractor fan, wall mounted towel rail radiator, part tiled walls.

Leasehold Information
There is a remaining 103 years on the lease approximately. We have been advised there is an approximate service charge of £4134.60 per annum. Please note the service charge has been increased recently to allow for substantial works to the building and maintain a reserve fund for any future works. This includes roof works, parapet work and mosaic tiles.

The property has a ground rent of £125 per annum which doubles every 25 years up to £1000 for the last 25 years of the term. Please be advised we have not inspected the head lease.

We have been advised by the managing agents that remediation of the rear wall render has not yet been done. This is expected to commence in 2024. Funding from the Building safety fund is awaited. An EWS1 is in place (2020) advising that work is required. The full costs and workings have been submitted and have pre-approval via Homes England’s solicitors. It is currently going through final approval - before funds are released.

Material Information
Tenure: Leasehold
The block is managed by Kingston.
Council Tax: Band C. Authority; Newcastle City Council. For current rates please visit: Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property.
Broadband: Follow the link to check broadband providers and speeds; Broadbandcheck.co.uk
Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Signalchecker.co.uk
Parking: This property comes with an allocated parking space.

You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing. Please note the lease can be made available upon request.