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Studio for sale

£69,950 (£255/sq. ft)

Hopper Street, Gateshead NE8

1 274 sq. ft*
Interested in this property? Call +44 113 427 8504 * or Request Details

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

Property features

  • Balcony
  • Kitchen white goods
  • Broadband ready
  • Gymnasium
  • Sauna
  • Metro station
  • Public transport
  • Reception
  • Lift
  • Double Glazing
  • Fully fitted kitchen
  • Fully furnished

Property description

Gateshead, located in Tyne and Wear, England, is a bustling town that is home to around 200,000 people, with 1.4 million people of working age within a 10-mile radius

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


The opportunity


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

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

Property info

  • Furnished
Market activity
Average price paid £125,098 Sales 376 Current average value £124,904 (Zoopla Zed-Index) Value change £5,537 ▲ 4.64%

Property value data/graphs for NE8

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £198,206 £172 3.5 £216,881
Semi-detached £135,600 £150 2.8 £121,365
Terraced £143,097 £136 3.3 £151,052
Flats £109,366 £190 2.2 £104,808

Current asking prices in NE8

Average: £113,067
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £90,129
(7)
£127,178
(20)
£187,690
(10)
£249,950
(3)
Flats £83,826
(25)
£113,735
(95)
£105,929
(17)
£98,317
(3)
£85,633
(3)
All £83,826
(25)
£112,115
(102)
£117,415
(37)
£167,065
(13)
£167,792
(6)

Current asking rents in NE8

Average: £662 pcm
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £406 pcm
(5)
£503 pcm
(7)
£756 pcm
(7)
£983 pcm
(15)
£739 pcm
(4)
Flats £514 pcm
(42)
£643 pcm
(112)
£757 pcm
(50)
£669 pcm
(8)
£847 pcm
(2)
All £503 pcm
(47)
£635 pcm
(119)
£757 pcm
(57)
£874 pcm
(23)
£775 pcm
(6)

Fun facts for NE8

Highest value in NE8
Highest value streets Zed-Index
Durham Road £333,830
West Park Road £265,132
Mill Road £252,872
St. Edmunds Court £228,589
Claremont Place £225,378
Highest turnover in NE8
Highest turnover streets Turnover
Spring Street 50.0%
Durham Road 50.0%
Parson Courtyard 50.0%
Mid Summer Way 43.8%
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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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Arrange Viewing

For more information about this property, please contact
Keller Williams, LS3 on +44 113 427 8504 * (local rate)

Monthly running costs Beta

£448 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,995
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 £20 Electricity £25 Estimated energy cost £45/mo

Similar properties could save up to £193

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 Keller Williams, and do not constitute property particulars. Please contact Keller Williams 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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