2 bed flat for sale Wordsdell Drive, Gateshead NE8
- Newcastle0.4 miles
- Manors0.4 miles
- Christ Church CofE Primary School0.6 miles
- Gateshead Jewish Nursery School0.7 miles
Features and description
- Waterfront Apartments
- Beautiful Grade II Listed Period Conversion
- November 2021 Completion
- 10% Early Bird Discount
Located on the bank of the River Tyne looking across Newcastle’s picturesque skyline, Arc Avenue is a thoughtful refurbishment of a Grade II former railway boiler shop, offering a standard of living you just don’t get with new build apartments. Arc Avenue is a beautifully executed conversion comprising of just 58 charming one and two- bedroom apartments ideally located on the south bank of the Tyne River no more than a short walk to anywhere in Newcastle city centre.
Newcastle remains one of the most affordable buy-to-rent locations in the UK. With average prices 14% lower than Manchester, the city has started to attract an increasing number of buy- to-rent investors looking for greater capital growth and yields than the “go to” regional cities for investment can now offer.
As investment into the city continues Newcastle residential property prices are on the rise. Consequently, property prices have experienced 78% growth since 2000, underpinned by continued investment into the city and an increased demand for housing.
Newcastle property price index only surpassed their 2007 peak in September 2019 compared to other cities such as Birmingham, London and Manchester who returned to their pre-gfc peak within a few years of the credit crunch recovery. This means that Newcastle is primed for sustainable year on year capital and rental growth.
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