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Studio for sale

£69,995

Hopper House Apartments, Hopper Street, Gateshead NE8

1 1
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Property features

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

Property description

Hopper House Apartments
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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.

Payment Process

• £5,000 Reservation Fee
• 50% Purchase Price Exchange of Contracts in 28 Days
• 6 Month Stage Payment
• Remaining Balance on Completion

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 £127,355 Sales 333 Current average value £124,581 (Zoopla Zed-Index) Value change £1,747 ▲ 1.42%

Property value data/graphs for NE8

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £200,258 £170 3.5 £218,598
Semi-detached £139,005 £153 2.8 £129,101
Terraced £142,380 £138 3.3 £148,179
Flats £108,399 £190 2.2 £104,854

Current asking prices in NE8

Average: £119,159
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £99,656
(9)
£148,788
(10)
£194,650
(3)
£352,462
(4)
Flats £88,555
(29)
£118,769
(70)
£131,992
(12)
£95,590
(5)
£115,000
(2)
All £88,555
(29)
£116,591
(79)
£139,627
(22)
£132,738
(8)
£273,308
(6)

Current asking rents in NE8

Average: £635 pcm
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £336 pcm
(9)
£425 pcm
(1)
£730 pcm
(8)
£831 pcm
(12)
£325 pcm
(1)
Flats £541 pcm
(30)
£573 pcm
(107)
£837 pcm
(40)
£565 pcm
(3)
£622 pcm
(2)
All £494 pcm
(39)
£571 pcm
(108)
£819 pcm
(48)
£778 pcm
(15)
£523 pcm
(3)

Fun facts for NE8

Highest value in NE8
Highest value streets Zed-Index
West Park Road £265,881
Mill Road £249,837
St. Edmunds Court £229,572
Claremont Place £227,954
Saltwell View £217,745
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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For more information about this property, please contact
Parker Buchanan, WC2H on +44 20 8115 3376 * (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 Parker Buchanan 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 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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