Studio for sale
Skinnerburn Road, Newcastle Upon Tyne NE1
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Property features
- Media Room
- Study Area
- Gymnasium
- Laundrette Onsite
- Onsite Management
- Bike Storage
- Fully Furnished
- Prime Location
- 8% Net Rental Yield Assured First 5 Years
Property description
Quayside View Studios offers this fantastic studio apartment on the third floor. This is a student property investment opportunity in the heart of Newcastle. With 132 self contained studio apartments in a prime location and within walking distance of Newcastle's top universities. From as little as £67,500 - 8% net rental the first 5 years
Quayside View Studios represents a superb opportunity for investors looking to invest in purpose build student accommodation. Consisting of 132 self contained studio apartments, all with en-suite bedrooms, kitchen and furniture. This exciting new development is just minutes walking distance to the heart of Newcastle, Universities and close to everything this fantastic city has to offer.
Based in the up-and-coming Stephenson Quarter, Quayside View Studios 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.
With over 100,000 students living in Newcastle and the surrounding region, Quayside View Studios 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 Quayside View Studios 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, e-bike rental, media/gaming room, laundrette 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 Quayside View Studios a compelling opportunity that you don't want to miss.
Property value data/graphs for NE1
Property type | Avg. current value | Avg. £ per sq ft. | Avg. # beds | Avg. £ paid (last 12m) |
---|---|---|---|---|
Detached | £249,533 | - | 2.6 | £157,500 |
Semi-detached | £190,740 | - | 2.8 | - |
Terraced | £242,613 | £202 | 3.0 | £235,500 |
Flats | £184,593 | £259 | 1.9 | £161,695 |
Current asking prices in NE1
Average: £176,541Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
---|---|---|---|---|---|
Houses | - |
£69,950 (1) |
£256,650 (3) |
- | - |
Flats |
£119,486 (36) |
£194,683 (72) |
£421,680 (4) |
£595,000 (1) |
- |
All |
£119,486 (36) |
£192,974 (73) |
£350,953 (7) |
£595,000 (1) |
- |
Current asking rents in NE1
Average: £1,082 pcmProperty type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
---|---|---|---|---|---|
Houses |
£619 pcm (12) |
£1,055 pcm (4) |
£1,287 pcm (2) |
£1,624 pcm (6) |
£1,751 pcm (1) |
Flats |
£673 pcm (200) |
£1,067 pcm (237) |
£1,383 pcm (70) |
£1,751 pcm (27) |
£1,918 pcm (16) |
All |
£669 pcm (212) |
£1,066 pcm (241) |
£1,380 pcm (72) |
£1,728 pcm (33) |
£1,908 pcm (17) |
Fun facts for NE1
Highest value streets | Zed-Index |
---|---|
Grey Street | £338,785 |
Leazes Crescent | £291,629 |
Akenside Hill | £281,249 |
Queens Lane | £263,564 |
Quayside | £247,020 |
Highest turnover streets | Turnover |
---|---|
Monk Street | 60.0% |
Friars | 37.5% |
Manor Chare | 35.6% |
Milk Market | 34.8% |
Love Lane | 32.4% |
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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)
- St Joseph's Roman Catholic Voluntary Aided Primary School, Gateshead (0.7 miles)
- Discovery School (0.4 miles)
- Trinity Solutions Academy (1.9 miles)
- Gosforth Academy (3.3 miles)
- Royal Grammar School (1.3 miles)
- Newcastle High School for Girls (1.3 miles)
- Northern Counties School (1.6 miles)
Local info for Newcastle upon Tyne
About the neighbours in NE1
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* Sizes listed are approximations. Please contact the agent to verify actual sizes.
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
Mortgage
In association withThese 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)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/moSimilar properties could save up to £190
How Much Could I Save?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 /mowhen paid over 10 months
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 /moWater 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.
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.