2 bedroom flat for sale

£149,950

Grainger Street, Newcastle Upon Tyne, Newcastle Upon Tyne NE1

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Interested in this property? Call 0191 432 8879 (local rate) or Arrange viewing

Property info

Property features

  • City centre location
  • Second floor apartment
  • Two double bedrooms
  • Master bedroom with ensuite
  • Open plan kitchen and lounge
  • Intercom system
  • Walking distance to Metro

Property description

Investors - Spacious second floor apartment located on Grainger Street benefiting from two double bedrooms and two bathrooms with a gross monthly rental income of £795.00pcm.

Overview
This desirable city centre apartment is located on the second floor of a stunning Grade II listed building on Grainger Street adjoining Newgate Street. The property is ideally positioned for those wanting to enjoy the city life, shopping and entertainment that Newcastle has to offer being within walking distance to the Monument, Eldon Square and The Gate.

Accessed via a secure entrance on Grainger Street there is a communal staircase that services the flats in the building and on the second floor there are only two flats meaning that this property only has one adjoining neighbour. The property briefly comprises entrance corridor, storage cupboard, open plan kitchen and lounge, master bedroom with ensuite, second bedroom and main bathroom. For further information regarding the accommodation offered and approximate room measurements please read below.
Entrance
The entrance hallway/corridor. The intercom system is located in the hallway and the storage cupboard is accessed from here and houses the water tank.
Kitchen 2.70m x 6.22m in to the lounge (8'10' x 20'5' in t
The u-shaped kitchen is open plan with the lounge and dining area making this a very social space perfect for entertaining. The kitchen benefits from wood style laminate flooring and light wood style veneer wall and base cabinets and includes an integrated fridge, freezer, electric oven, hob and washing machine.
Lounge & Dining Area 2.90m x 6.89m (9'6' x 22'7')
Open plan to the kitchen the l-shaped living area benefits from three large sash style windows looking out over Newgate Street. The windows provide generous amounts of natural light in to the room. The living area also benefits from wood style laminate flooring and neutral decor.
Master Bedroom 3.05m to alcove x 4.34m (10'0' to alcove x 14'3')
The spacious master bedroom benefits from neutral decor and carpet flooring. The sash style window looks out over Grainger Street. The master bedroom benefits from an ensuite bathroom which includes a shower cubicle, basin and toilet and benefits from vinyl flooring.
Second Bedroom 2.84m x 3.30m (9'4' x 10'10')
The second bedroom is an amply sized double bedroom and also benefits from neutral decor and carpet flooring.
Bathroom 1.59m x 2.72m (5'3' x 8'11')
The main bathroom provides a white bathroom suite including basin, toilet, bath and shower over the bath. There is tiling splash back to the bath and basin and vinyl flooring.
Additional Information
This is an ideal investment property due to it's central locality and proximity to the Universities. The property is currently tenanted on an Assured Shorthold Tenancy Agreement until May 2013 and receives a gross monthly income of £795.00pcm which is a gross annual income of £9, 450.00. There is no parking allocated to this building but permits can be purchased independently for nearby car parks.
Energy Performance Certificate
To view the full EPC please go to:


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General Disclaimer
Every care has been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, we will be pleased to check the information for you. These particulars do not constitute a contract or part of a contract. All measurements are approximate.
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For more information about this property, please contact
Davis Keep, NE3 on 0191 432 8879 (local rate)

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NE1 Zed-Index What is the Zed-Index
£130,032 £145,436 £126,026 £161,711 £129,027

stats for 
Value change
£889 (0.69%) £4,932 (-3.65%) £1,072 (-0.82%) £4,308 (-3.21%) £10,451 (-7.44%) £3,817 (-2.85%) £22,650 (-14.84%)
from 
Avg. price paid: £134,313
No. of property sales: 69
Avg. price paid: £138,924
No. of property sales: 296
Avg. price paid: £151,284
No. of property sales: 484
Avg. price paid: £169,191
No. of property sales: 1,100

Avg. asking price in NE1: £183,675
No. of properties for sale in NE1: 253
Avg. asking rent in NE1: £925 pcm
No. of properties to rent in NE1: 386

Property value data/graphs for NE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £145,436 - 2.7 -
Semi-detached £126,026 - 3.2 -
Terraced £161,711 £138 2.7 £120,000
Flats £129,027 £179 1.9 £134,740

Current asking prices in NE1

Avg. current asking prices in NE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £1,700,000
(1)
£149,000
(1)
£267,475
(2)
- -
Flats £123,210
(65)
£169,315
(147)
£299,886
(18)
£265,000
(4)
-
All £147,101
(66)
£169,178
(148)
£296,645
(20)
£265,000
(4)
-

Current asking rents in NE1

Avg. current asking prices in NE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £590 pcm
(15)
£740 pcm
(3)
£748 pcm
(3)
£1,517 pcm
(2)
-
Flats £649 pcm
(126)
£944 pcm
(141)
£1,278 pcm
(39)
£1,399 pcm
(10)
£1,208 pcm
(11)
All £642 pcm
(141)
£939 pcm
(144)
£1,241 pcm
(42)
£1,418 pcm
(12)
£1,208 pcm
(11)

Fun facts for NE1

Highest value in NE1
Highest value streets Zed-Index What is the Zed-Index
Leazes Park Road £248,796
Grey Street £226,517
Leazes Crescent £193,043
Akenside Hill £189,210
Queens Lane £177,669
Highest turnover in NE1
Highest turnover streets Turnover What is Turnover?
Love Lane 30.3%
Hanover Street 29.6%
Jacobins Chare 25.0%
Temple Street 24.2%
Friars 23.5%

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Nearby stations and schools

  • Newcastle (0.2 miles)
  • Manors (0.4 miles)
  • Dunston (1.8 miles)
  • Our Lady and St Anne's RC Primary School (0.4 miles)
  • University of Northumbria At Newcastle (0.5 miles)
  • Newcastle Bridges School Co Royal Victoria Infirmary Ward 10 (0.5 miles)

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