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Studio for sale

£69,995

Hopper House Apartments, Hopper Street, Gateshead NE8

1 1
Interested in this property? Call +44 20 8115 3376 * or Request Details

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Property features

  • Completion for Q4 2018
  • Located in Newcastle
  • Over 7% Net Return
  • Hassle-Free Lifestyle
  • Unique Investment Opportunity
  • Payment Process:£5000 Dep., 50% on Exchange, 6 Months Stage Paym, Balance on Compl

Property description

Hopper House Apartments

due to high demand, this specific apartment may have been sold at the time of your enquiry.

Please, Call Immediately For an Updated Price List

Hopper House will see the creation of a range of stylish apartments in an outstanding central Gateshead location. The development has been designed with students and young professional urban tenants in mind & will include a host of desirable facilities, from a gym and sauna to bicycle storage and WiFi.

Each apartment also features a terraced area to ensure that residents can enjoy their outside space as much as their tasteful interiors.

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.

Investment Overview

• Located in Gateshead, Newcastle
• 8% Assured Net Rental Income
• Reservation Fee Just £5,000
• Excellent Amenities & On-Site Facilities
• Experienced Management Company

Location

The town of Gateshead enjoys a superb location in Tyne and Wear. Not only a bustling town in its own right and also sits directly across the river from Newcastle, meaning that Gateshead residents get to enjoy the best of town life right on the door step of one.

Gateshead is home to approximately 200,000 people, with a town economy valued at £4.18 billion.
The town is building quite the reputation for its innovative business culture and young, talented workers.

Gateshead's housing market offers excellent value for money. With an average property price of £243,935 for England as a whole, those investing in the town have a fantastically affordable entry point into the market.

Parker Buchanan

We attribute our huge success to building great relationships with each and every individual who enters partnership with us. Our team of professionals are ready and looking forward to providing you with exceptional service.

Floor plans and availability will be emailed to you on request.

Contact Us Today for a Free Consultation and to Register your Interest


Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £124,498 Sales 361 Current average value £123,681 (Zoopla Zed-Index) Value change £4,949 ▲ 4.17%

Property value data/graphs for NE8

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £191,918 £164 3.5 £225,758
Semi-detached £133,049 £149 2.8 £120,125
Terraced £142,775 £135 3.3 £150,201
Flats £108,232 £187 2.2 £101,449

Current asking prices in NE8

Average: £114,678
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £83,817
(6)
£126,517
(15)
£218,600
(5)
£267,475
(2)
Flats £78,148
(19)
£119,794
(77)
£125,771
(14)
£104,975
(2)
£89,000
(3)
All £78,148
(19)
£117,193
(83)
£126,157
(29)
£186,136
(7)
£160,390
(5)

Current asking rents in NE8

Average: £677 pcm
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £388 pcm
(5)
£533 pcm
(3)
£772 pcm
(8)
£922 pcm
(13)
£739 pcm
(2)
Flats £504 pcm
(37)
£658 pcm
(104)
£813 pcm
(41)
£751 pcm
(8)
£847 pcm
(2)
All £490 pcm
(42)
£654 pcm
(107)
£807 pcm
(49)
£857 pcm
(21)
£793 pcm
(4)

Fun facts for NE8

Highest value in NE8
Highest value streets Zed-Index
Durham Road £336,432
West Park Road £262,067
Mill Road £249,952
Claremont Place £225,119
St. Edmunds Court £221,044
Highest turnover in NE8
Highest turnover streets Turnover
Durham Road 57.1%
Parson Courtyard 57.1%
Mid Summer Way 43.8%
Spring Street 42.9%
Ash Street 38.2%

What Zoopla users think of Bensham

Overall rating:

  • currently 3 stars
Good - 62% (46 ratings)

Ratings breakdown:

  • currently 3 stars
Community & safety
  • currently 2 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 3 stars
Restaurants & shopping
  • currently 3 stars
Schools & public services
  • currently 3.5 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 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 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)
  • South Street Community Primary School (0.7 miles)
  • Caedmon Community Primary School (0.7 miles)
  • Discovery School (1.1 miles)
  • Trinity Solutions Academy (2.5 miles)
  • Gosforth Academy (3.6 miles)
  • Dryden School (1.4 miles)
  • Royal Grammar School (1.4 miles)
  • Newcastle High School for Girls (1.5 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
Parker Buchanan, WC2H on +44 20 8115 3376 * (local rate)

Monthly running costs Beta

£445 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 £18 Electricity £24 Estimated energy cost £42/mo

Similar properties could save up to £190

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.

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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 Parker Buchanan, and do not constitute property particulars. Please contact Parker Buchanan 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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