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Studio for sale

£69,995 (£260/sq. ft) Fixed price

Hopper Street, Gateshead NE8

1 1 269 sq. ft*
Interested in this property? Call +44 1798 217975 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Central heating
  • Double glazing
  • 8% net yield assured for 3 years
  • From £69,995
  • 250 Year Leasehold

Property description

We are pleased to have these Studio apartments as one of our new investment offers.

Contact us now by email with your full contact details and we will send you a full brochure.

Hopper House will see the creation of 81 stylish apartments in an outstanding central Gateshead location. The development has been designed with students and young, professional urban tenants in mind and will include a host of desirable facilities, from a gym and sauna to bicycle parking and WiFi. Each apartment also features a terraced area to ensure that residents can enjoy their outside space as much as their tasteful interiors. Offering the best in modern living and promoting a hassle-free lifestyle is core to the ethos behind Hopper House. As such, the apartments will offer an all-inclusive rental package, whereby tenants’ heating, water, electricity, internet and so forth is included in their rent. All apartments come fully furnished to an extremely high standard, with quality fixtures and fittings. Laundry rooms within the building reduce the need for washing machines in individual homes, thus maximising space for tenants while removing a maintenance headache for investors. This thoughtful approach to design has been applied across the development.

Purchase a studio for £69,995 Units with accessible terrace/balconies available

Unlimited exit strategies 250 Year leasehold

3 Year rental assurance paid quarterly

Rent to whole of the market

Fully self-contained studios

Fully furnished

Fully fitted en-suites

Fully fitted kitchens

Fully managed investment

Exceptionally large accommodation

Units over 25 sq m

Completion quarter 4 2018

Many onsite facilities include: - Reception - Communal rooms - Vending machines - Communal lounge - Gymnasium - Wifi - Sauna - Bike stores

Successful & proven developer

Long standing & successful management company

Excellent location - 10 minutes’ walk from millennium bridge

Walking distance to main bus/coach stations/Newcastle University/Gateshead College/Trinity Square shopping centre

Perfectly placed for easy access into Newcastle City Centre


Ease of purchase


Choose your desired unit

Secure this unit with £5000 res fee

Complete and sign reservation form

Exchange contracts in 28 days 50% of purchase price, less reservation fee - £29,997.50

6 Months stage payment - £17,498.75

Remaining balance on completion - £17,498.75

Rental income £155 pw for 50 weeks

Gross rent £7750

Maintenance/service charge £1375

Management/lettings £525

Ground rent £250

Net return £5600 paid quarterly

8% Net return
Market activity
Average price paid £127,355 Sales 333 Current average value £124,522 (Zoopla Zed-Index) Value change £1,746 ▲ 1.42%

Property value data/graphs for NE8

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £200,137 £168 3.5 £218,598
Semi-detached £138,972 £153 2.8 £129,101
Terraced £142,308 £136 3.3 £148,179
Flats £108,346 £191 2.2 £104,854

Current asking prices in NE8

Average: £120,147
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £99,656
(9)
£150,262
(11)
£194,650
(3)
£352,462
(4)
Flats £86,413
(27)
£118,872
(72)
£137,173
(11)
£95,590
(5)
£115,000
(2)
All £86,413
(27)
£116,736
(81)
£143,718
(22)
£132,738
(8)
£273,308
(6)

Current asking rents in NE8

Average: £638 pcm
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £336 pcm
(9)
- £730 pcm
(8)
£816 pcm
(11)
£325 pcm
(1)
Flats £541 pcm
(30)
£579 pcm
(106)
£847 pcm
(37)
£535 pcm
(2)
£622 pcm
(2)
All £494 pcm
(39)
£579 pcm
(106)
£826 pcm
(45)
£773 pcm
(13)
£523 pcm
(3)

Fun facts for NE8

Highest value in NE8
Highest value streets Zed-Index
West Park Road £265,759
Mill Road £249,741
St. Edmunds Court £229,432
Claremont Place £227,848
Saltwell View £217,641
Highest turnover in NE8
Highest turnover streets Turnover
Parson Courtyard 57.1%
Durham Road 50.0%
Mid Summer Way 43.8%
Ash Street 38.2%
Spring Street 35.7%

What Zoopla users think of Bensham

Overall rating:

  • currently 3 stars
Good - 63% (43 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 Bensham:

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 (0.7 miles)
  • Newcastle (0.8 miles)
  • Dunston (1.8 miles)
  • Newcastle Airport (6.4 miles)
  • Durham Tees Valley Airport (32.1 miles)
  • Leeds Bradford International Airport (75.9 miles)
  • Newcastle International Ferry Terminal (6.3 miles)
  • South Shields Ferry Terminal (6.8 miles)
  • North Shields Ferry Terminal (6.8 miles)

Nearby schools

View all schools in Gateshead
  • St Joseph's Roman Catholic Voluntary Aided Primary School, Gateshead (0.4 miles)
  • Gateshead Jewish Nursery School (0.5 miles)
  • Gateshead Jewish Primary School (0.6 miles)
  • Gateshead College (0.3 miles)
  • Yeshiva Lezeirim Preparatory Academy (0.6 miles)
  • Discovery School (1.1 miles)
  • The Gateshead Cheder Primary School (0.3 miles)
  • Haskel School (0.6 miles)
  • Gateshead Jewish Boarding School (0.7 miles)
Note: Distances are straight line measurements

Local info for Gateshead

AskMe Q&A for Gateshead

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Harrison Bridger, GU28 on +44 1798 217975 * (local rate)

Monthly running costs Beta

£448 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,999
Repayment term 25
Interest rate 1.5
Your payment £251 /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 £10/mo (£126/yr)
Compare insurance deals now 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

Similar properties could save up to £155

How Much Could I Save? 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 £119 /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 Harrison Bridger 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 Harrison Bridger, and do not constitute property particulars. Please contact Harrison Bridger 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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