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Studio for sale

£93,693 From

Newcastle Upon Tyne NE1

1
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Property features

  • 7% net rental yields assured for the first 5 years
  • 100% hands off investment
  • Prime location close to universities
  • Furnished to a high quality
  • Fast Broadband
  • Communal Areas
  • Purpose-built gym facilities
  • Concierge Service
  • 24-hour security
  • Selected units facing River Tyne

Property description

Tyne View Residences represents a superb opportunity for investors looking to invest in pbsa with the potential to generate high returns. Consisting of 138 student properties, all with ensuite bedrooms, this exciting new development will be just 10 minutes' walk from Newcastle's five top universities. The proximity to bars, restaurants, public transport and other amenities in the city, makes Tyne View Residences a very attractive proposition for students looking for high quality accommodation in the heart of Newcastle and close to everything this fantastic city has to offer.

Based in the up-and-coming Stephenson Quarter, Tyne View Residences is part of £200 million regeneration project for the area that has already seen the construction of the brand-new Crowne Plaza as well as plans for a new technical college and office/retail space. Close to Quayside and the iconic architectural sites of Newcastle and the River Tyne, Tyne View Residences is ideally located and, not surprisingly, demand is expected to be very high.

Withover 100,000 students living in Newcastle and the surrounding region, Tyne View Residences will be a much-anticipated new addition to the landscape. The city's five world-class universities and 20 highly acclaimed further education colleges, have contributed to Newcastle being named the uk's 'Best University City' three years running by the msn Travel Survey so the addition of Tyne View Residences to accommodate some of the city's students can't come quick enough.

The development will be finished and furnished to a very high standard and will include communal areas that are conducive to both studying and socialising, gym facilities, coffee station, cycle storage and 24-hour security and CCTV. It offers students all the creature comforts they need, the night time security that not all developments offer and highly convenient on-site management and lettings support. All this and with an easy commute to university makes Tyne View Residences a compelling opportunity that you don't want to miss.
Market activity
Average price paid £157,957 Sales 89 Current average value £180,323 (Zoopla Zed-Index) Value change £835 ▲ 0.47%

Property value data/graphs for NE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £243,528 - 2.6 £161,000
Semi-detached £197,032 - 2.8 £215,000
Terraced £233,752 £204 3.0 £141,250
Flats £178,322 £253 1.9 £157,632

Current asking prices in NE1

Average: £177,327
Avg. current asking prices in NE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £172,475
(2)
£272,967
(3)
- -
Flats £122,460
(30)
£193,028
(68)
£226,425
(7)
£229,167
(6)
£275,000
(1)
All £122,460
(30)
£192,441
(70)
£240,388
(10)
£229,167
(6)
£275,000
(1)

Current asking rents in NE1

Average: £1,032 pcm
Avg. current asking prices in NE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £591 pcm
(23)
£1,599 pcm
(1)
£1,008 pcm
(4)
£1,198 pcm
(10)
£2,539 pcm
(2)
Flats £663 pcm
(182)
£1,025 pcm
(147)
£1,574 pcm
(20)
£1,782 pcm
(27)
£2,072 pcm
(6)
All £655 pcm
(205)
£1,029 pcm
(148)
£1,480 pcm
(24)
£1,624 pcm
(37)
£2,189 pcm
(8)

Fun facts for NE1

Highest value in NE1
Highest value streets Zed-Index
Grey Street £327,256
Leazes Crescent £279,282
Akenside Hill £270,439
Queens Lane £248,706
Love Lane £240,881
Highest turnover in NE1
Highest turnover streets Turnover
Monk Street 55.0%
Manor Chare 39.0%
Friars 37.5%
Blandford Square 33.3%
Bewick Street 31.6%

What Zoopla users think of Newcastle upon Tyne

Overall rating:

  • currently 4 stars
Very good - 81% (212 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 Newcastle upon Tyne:

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

  • Newcastle (0.2 miles)
  • Manors (0.7 miles)
  • Dunston (1.4 miles)
  • Newcastle Airport (5.9 miles)
  • Durham Tees Valley Airport (32.4 miles)
  • Leeds Bradford International Airport (76.1 miles)
  • Newcastle International Ferry Terminal (6.9 miles)
  • North Shields Ferry Terminal (7.3 miles)
  • South Shields Ferry Terminal (7.3 miles)

Nearby schools

View all schools in Newcastle upon Tyne
  • Our Lady and St Anne's RC Primary School (0.5 miles)
  • St Paul's CofE Primary School (0.6 miles)
  • Gateshead Jewish Nursery School (0.7 miles)
  • Discovery School (0.4 miles)
  • NCG (0.5 miles)
  • Newcastle Sixth Form College (0.5 miles)
  • Haskel School (0.8 miles)
  • Gateshead Jewish Boarding School (0.8 miles)
  • The Gateshead Cheder Primary School (0.9 miles)
Note: Distances are straight line measurements

Local info for Newcastle upon Tyne

About the neighbours in NE1

AskMe Q&A for Newcastle upon Tyne

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For more information about this property, please contact
Barrows and Forrester Property Group, B18 on +44 121 659 5859 * (local rate)

Monthly running costs Beta

£547 Monthly total
Mortgage
Purchase price
Deposit (10%) 9,369
Repayment term 25
Interest rate 1.5
Your payment £337 /mo How Much Could I Borrow

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 £30/mo (£358/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 £24 Estimated energy cost £45/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

Newcastle upon Tyne

Estimated tax band A Council tax cost £112 /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 Barrows and Forrester Property Group 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 Barrows and Forrester Property Group, and do not constitute property particulars. Please contact Barrows and Forrester Property Group 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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