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1 bed flat for sale

£69,995

Hopper Street, Gateshead, Newcastle Upon Tyne NE8

1 1
Interested in this property? Call +44 20 8115 8144 * or Request Details

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Property features

  • 8% net rental yields
  • 3 years guaranteed rent
  • Central Location
  • Gym
  • Sauna
  • Communal areas
  • Cash Buy

Property description

No Agency Fees! Fabulous investment opportunity offering guaranteed rentals with an 8% net yield. Buy direct from the developer and recieve guaranteed rent for 3 years. Onsite facilities for residents.

Hopper House will see the creation of 81 stylish apartments in an outstanding central Gateshead location. The development has been designed with students and young, professional urban tenants in mind and will include a host of desirable facilities, from a gym and sauna to bicycle parking and WiFi. Each apartment also features a terraced area to ensure that residents can enjoy their outside space as much as their tasteful interiors.

Offering the best in modern living and promoting a hassle-free lifestyle is core to the ethos behind Hopper House. As such, the apartments will offer an all-inclusive rental package.

How do I buy one?

To reserve a property the reservation fee is £5,000, your solicitor will then take care of the rest!

How do the guaranteed rents work?

Once your property is completed you will recieve 8% of the purchase price per year net of all expenses including management fees, service charge and ground rent as a minimum.

How is it guaranteed?

If your apartment achieves less than the guaranteed rental, the developer will cover the shortfall so during the first 3 years you don't need to worry about renting it out.

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: £113,980
Avg. current asking prices in NE8
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £90,129
(7)
£128,808
(18)
£187,690
(10)
£234,950
(4)
Flats £83,826
(25)
£114,790
(96)
£105,929
(17)
£98,317
(3)
£85,633
(3)
All £83,826
(25)
£113,114
(103)
£117,696
(35)
£167,065
(13)
£170,957
(7)

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 £509 pcm
(42)
£640 pcm
(110)
£757 pcm
(50)
£645 pcm
(9)
£847 pcm
(2)
All £498 pcm
(47)
£632 pcm
(117)
£757 pcm
(57)
£857 pcm
(24)
£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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For more information about this property, please contact
Property and Invest, N1 on +44 20 8115 8144 * (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 £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

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 Property and Invest, and do not constitute property particulars. Please contact Property and Invest 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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