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11 bed property for sale

£595,000

Manor House Road, Jesmond, Newcastle Upon Tyne NE2

11
Interested in this property? Call +44 191 244 9156 * or

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Property features

  • Investment And Potential Development
  • Opportunity Subject To Consent
  • Highly Sought After Location
  • 11 Letting Bedrooms
  • Kitchen And Dining Room
  • Established Guest House
  • Corner Site
  • Some Views Over Jesmond Cricket Ground

Property description



A fabulous sized investment property situated on the corner of Manor House Road and Osborne Avenue with the potential for development subject to the relevant consent.
The subject premises are currently utilised as a guesthouse which the current owners have ran since 2008.
The property has 11 letting rooms consisting of 3 x twin rooms, 3 x double rooms, 4 x single rooms and 1 family room most of which have ensuite facilities. The property was refurbished in 2008 including a rewire, new boilers and plumbing and water heaters and benefits from gas central heating and double glazing.

Location

The property is situated on Manor House Road opposite the Jesmond cricket ground. Manor House road is located just off the main Osborne Road which boasts a mix of commercial and residential properties. The premise is within walking distance of all local amenities including hotels, restaurants, bars, shops and recreational facilities. Jesmond is approximately 1 mile from Newcastle City Centre and benefits from good transport links.

Reception Hall

Dining Room

Having wood flooring, ornate feature fireplace and window to the front aspect.

Bedroom

A double room with en suite shower facilities and WC.

Kitchen

Having a range of fitted units

Utility Room

Having washing machine, drier and room for a single bed.

Bedroom (2nd)

A twin room with ensuite shower and WC.

Bedroom (3rd)

Single room

Bedroom (4th)

A double room with en suite shower and WC.

Bedroom (5th)

Single room with en suite shower and WC.

Bedroom (6th)

Family room with en suite shower and WC.

Bedroom (7th)

A double room with en suite shower and WC.

Bedroom (8th)

A double room with en suite shower and WC.

Bedroom (9th)

Twin room with en suite shower and WC.

Bedroom (10th)

A Single room with en suite shower and WC.

Bedroom (11th)

Single room with en suite shower and WC.

Tenure

We are advised the property is freehold but interested parties must seek legal advice on this.

Important note to purchasers:

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

/8

Property info

Market activity
Average price paid £307,866 Sales 242 Current average value £306,490 (Zoopla Zed-Index) Value change -£3,461 ▼ -1.12%

Property value data/graphs for NE2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £752,704 £359 4.3 £802,384
Semi-detached £445,660 £288 4.0 £478,765
Terraced £376,142 £261 4.1 £354,002
Flats £208,478 £270 2.5 £207,946

Current asking prices in NE2

Average: £224,374
Avg. current asking prices in NE2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £188,550
(9)
£334,857
(7)
£309,495
(10)
£663,749
(4)
Flats £101,490
(10)
£158,228
(44)
£200,660
(21)
£253,106
(8)
£249,000
(5)
All £101,490
(10)
£163,377
(53)
£234,209
(28)
£284,433
(18)
£433,333
(9)

Current asking rents in NE2

Average: £996 pcm
Avg. current asking prices in NE2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £437 pcm
(31)
£732 pcm
(13)
£1,004 pcm
(20)
£1,109 pcm
(30)
£1,719 pcm
(13)
Flats £567 pcm
(126)
£744 pcm
(196)
£1,013 pcm
(149)
£1,305 pcm
(28)
£1,800 pcm
(33)
All £542 pcm
(157)
£743 pcm
(209)
£1,012 pcm
(169)
£1,204 pcm
(58)
£1,777 pcm
(46)

Fun facts for NE2

Highest value in NE2
Highest value streets Zed-Index
Mitchell Avenue £887,135
Castleton Grove £875,895
Glastonbury Grove £867,338
Lindisfarne Road £859,412
Osborne Villas £798,706
Highest turnover in NE2
Highest turnover streets Turnover
Sandyford Park 45.1%
Kimberley Gardens 41.2%
Abbotsford Terrace 40.0%
Salisbury Gardens 38.8%
Sovereign Court 36.7%

What Zoopla users think of Jesmond

Overall rating:

  • currently 4.5 stars
Very good - 87% (44 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Jesmond:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Manors (1.1 miles)
  • Newcastle (1.6 miles)
  • Heworth (3.1 miles)
  • Newcastle Airport (5.1 miles)
  • Durham Tees Valley Airport (33.8 miles)
  • Leeds Bradford International Airport (77.7 miles)
  • Newcastle International Ferry Terminal (5.9 miles)
  • North Shields Ferry Terminal (6.2 miles)
  • South Shields Ferry Terminal (6.3 miles)

Nearby schools

View all schools in Newcastle upon Tyne
  • St Catherine's RC Primary School (0.3 miles)
  • West Jesmond Primary School (0.4 miles)
  • Newcastle Preparatory School (0.5 miles)
  • Percy Hedley College (0.5 miles)
  • Gateshead College (1.5 miles)
  • Discovery School (1.8 miles)
  • Newcastle High School for Girls (0.4 miles)
  • Northern Counties School (0.5 miles)
  • Royal Grammar School (0.5 miles)
Note: Distances are straight line measurements

Local info for Newcastle upon Tyne

About the neighbours in NE2

AskMe Q&A for Newcastle upon Tyne

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For more information about this property, please contact
Reeds Rains, NE3 on +44 191 244 9156 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Reeds Rains, and do not constitute property particulars. Please contact Reeds Rains for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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