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1 bed flat for sale

£64,950 From

Baltic Road, Gateshead NE10

1 1 1
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Property features

  • Investment Opportunity
  • 10% Assured Yield
  • Buy Back Option Year 5
  • Only A Few Units Remaining

Property description

Detailed Description

**Investment opportunity** Learning Disability accommodation and education facilities across the country are in short supply. Research shows that 73% of people with learning disabilities want to live in an independent living environment but the current lack of accommodation with facilities to support individual's needs makes this possible for only 16%.

Development is now well underway and St Camilus Care Group will shortly begin operating the first accommodation and education facility of its kind in England and Wales, bringing together advanced living for people with learning disabilities who are transitioning from home or more formal settings towards their own independence, with onsite accredited education courses to help the residents lead fulfilling and productive lives.

This approach sits firmly in line with the recently approved Care Act. The Local Authority has identified the need for this type of accommodation in Gateshead and has confirmed that the project will fit into its commissioning cycle from the outset, helping to ensure the revenues required to meet the financial obligations to investor.

Property info

Floor Plan 1 View original

Market activity
Average price paid £120,321 Sales 297 Current average value £125,419 (Zoopla Zed-Index) Value change £4,700 ▲ 3.89%

Property value data/graphs for NE10

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £207,616 £162 3.2 £194,936
Semi-detached £128,431 £143 2.8 £117,788
Terraced £114,849 £119 2.7 £112,332
Flats £83,967 £142 2.0 £73,306

Current asking prices in NE10

Average: £124,178
Avg. current asking prices in NE10
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £124,888
(12)
£162,550
(20)
£271,250
(4)
£140,000
(1)
Flats £72,808
(6)
£88,655
(28)
£74,950
(2)
£94,950
(1)
£95,000
(1)
All £72,808
(6)
£99,525
(40)
£154,586
(22)
£235,990
(5)
£117,500
(2)

Current asking rents in NE10

Average: £485 pcm
Avg. current asking prices in NE10
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £447 pcm
(4)
£519 pcm
(6)
£639 pcm
(5)
- -
Flats £408 pcm
(14)
£479 pcm
(18)
£558 pcm
(4)
- -
All £417 pcm
(18)
£489 pcm
(24)
£603 pcm
(9)
- -

Fun facts for NE10

Highest value in NE10
Highest value streets Zed-Index
Sunderland Road Villas £239,911
Haswell Close £239,069
Albion Street £237,983
Cheviot View £224,221
Birch Avenue £209,514
Highest turnover in NE10
Highest turnover streets Turnover
Cook Gardens 35.7%
Corrofell Gardens 33.3%
School Close 33.3%
Richmond Terrace 33.3%
Greenfield Terrace 33.3%

What Zoopla users think of Gateshead

Overall rating:

  • currently 4 stars
Very good - 77% (102 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 Gateshead:

Tell us what you think of this area by rating these categories.
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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

  • Heworth (0.8 miles)
  • Manors (1.7 miles)
  • Newcastle (2.0 miles)
  • Newcastle Airport (7.3 miles)
  • Durham Tees Valley Airport (31.8 miles)
  • Leeds Bradford International Airport (75.9 miles)
  • Newcastle International Ferry Terminal (5.1 miles)
  • South Shields Ferry Terminal (5.6 miles)
  • North Shields Ferry Terminal (5.7 miles)

Nearby schools

View all schools in Gateshead
  • Central Walker Church of England Voluntary Controlled Primary School (0.6 miles)
  • Brandling Primary School (0.6 miles)
  • St Anthony's CofE Primary School (0.6 miles)
  • Gateshead College (1.3 miles)
  • Discovery School (2.3 miles)
  • NCG (2.4 miles)
  • The Gateshead Cheder Primary School (0.7 miles)
  • Monkchester Road Nursery School (0.7 miles)
  • Ateres Girls High School (0.8 miles)
Note: Distances are straight line measurements

Local info for Gateshead

AskMe Q&A for Gateshead

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For more information about this property, please contact
Nu:Move International, TF2 on 01952 476892 * (local rate)

Monthly running costs Beta

£399 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,495
Repayment term 25
Interest rate 0.5
Your payment £207 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £14/mo (£169/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £21 Electricity £25 Estimated energy cost £46/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6300 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Gateshead

Estimated tax band A Council tax cost £109 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £10 Sewerage £13 Estimated water cost £23 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Nu:Move International about this property

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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 Nu:Move International, and do not constitute property particulars. Please contact Nu:Move International 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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