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Studio for sale

£72,000 From

Skinnerburn Road, Newcastle Upon Tyne NE1

Interested in this property? Call +44 121 659 5859 * or Request Details

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Property features

  • Onsite Management
  • Media Room
  • Study Area
  • 8% Net Rental Yield Assured First 5 Years
  • Prime Location
  • Fully Furnished
  • Bike Storage
  • Gymnasium
  • Laundrette Onsite

Property description



Quayside View Studios offers this fantastic studio apartment on the first 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. Withover 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.


Floorplan(s): Floorplan 1

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Market activity
Average price paid £160,340 Sales 95 Current average value £173,328 (Zoopla Zed-Index) Value change £4,441 ▲ 2.63%

Property value data/graphs for NE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £231,001 - 2.6 £157,500
Semi-detached £171,847 - 2.8 -
Terraced £226,724 £199 3.0 £265,250
Flats £171,387 £240 1.9 £157,699

Current asking prices in NE1

Average: £175,216
Avg. current asking prices in NE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - £332,500
(2)
- -
Flats £114,021
(40)
£187,189
(90)
£371,344
(5)
£595,000
(1)
-
All £114,021
(40)
£187,189
(90)
£360,246
(7)
£595,000
(1)
-

Current asking rents in NE1

Average: £1,007 pcm
Avg. current asking prices in NE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £534 pcm
(26)
£1,007 pcm
(5)
£1,352 pcm
(4)
£1,915 pcm
(3)
£1,731 pcm
(2)
Flats £648 pcm
(236)
£1,046 pcm
(239)
£1,316 pcm
(68)
£1,731 pcm
(26)
£1,865 pcm
(16)
All £637 pcm
(262)
£1,045 pcm
(244)
£1,318 pcm
(72)
£1,750 pcm
(29)
£1,850 pcm
(18)

Fun facts for NE1

Highest value in NE1
Highest value streets Zed-Index
Grey Street £314,939
Leazes Crescent £271,528
Akenside Hill £261,507
Queens Lane £244,834
Quayside £229,692
Highest turnover in NE1
Highest turnover streets Turnover
Monk Street 60.0%
Friars 37.5%
Manor Chare 35.6%
Milk Market 34.8%
Love Lane 32.4%

What Zoopla users think of Newcastle upon Tyne

Overall rating:

  • currently 4 stars
Very good - 81% (242 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Newcastle upon Tyne:

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

  • 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)
Note: Distances are straight line measurements

Local info for Newcastle upon Tyne

About the neighbours in NE1

AskMe Q&A for Newcastle upon Tyne

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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

£469 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,200
Repayment term 25
Interest rate 1.5
Your payment £259 /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 £30/mo (£358/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 £186

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

Newcastle upon Tyne

Estimated tax band A Council tax cost £112 /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 Barrows and Forrester Property Group 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 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.

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