The Open, Newcastle upon Tyne, Tyne and Wear, NE1 4DB
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The Open, Newcastle upon Tyne, Tyne and Wear, NE1 4DB

By Pattinson Estate Agents

£ 139,000

Reviews

2 out of 5 stars

Pattinson Estate Agents says ..

Appealing to buy to let investors is this well presented 3 bedroom 2nd floor apartment centrally located within the heart of Newcastle City Centre. The property has been rented out as a three bedroom property which has been generating an income of £17,056 per annum and currently has an HMO l...

Property Oracle says ..

This 3-bedroom, 1-bathroom apartment is situated in the Monument area of Newcastle upon Tyne, a central and highly convenient location. Its proximity to Newcastle Railway Station, universities, and various amenities makes it an appealing prospect for students, young professionals, or buy-to-let investors. The apartment boasts three bedrooms, each furnished with essential furniture. It has a compact kitchen and a bathroom with a bath and shower. The photos reveal that the apartment is relatively clean but could benefit from some modernization. The carpets appear slightly worn in places. The property’s attractiveness is significantly enhanced by its central location; however, the lack of outdoor space and slightly dated finishes are points to consider. The given price seems competitive given comparable properties, although the absence of square footage data prevents a truly definitive value assessment. Potential buyers and investors should weigh the advantages of the central location against the need for minor improvements.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
9
Land
1
Bedrooms
3
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
225,500.00 £
Decreased by 13.54 %
from 260,800.00 £
Average area rental value
1,202.00 £/mo
Decreased by 6.09 %
from 1,280.00 £/mo
Est rental Yield
6.40 %
Increased by 8.66 %
from 5.89 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Pattinson Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
University Of Newcastle Upon TyneHigher Education Institutions0.56 KM
North East Futures UtcUniversity Technical College1.13 KM
Our Lady And St Anne'S Catholic Primary SchoolAcademy Converter1.18 KM
Callerton AcademyFree Schools1.19 KM
University Of Northumbria At NewcastleHigher Education Institutions1.25 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Mews £ 000.00 KM
B1311 £ 000.00 KM
Prudhoe Chare £ 000.00 KM
Prudhoe Place £ 000.00 KM
Farrington Court £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL0.90 KM
Manors7603MAS1.60 KM
Dunston7744DOT3.89 KM
Metrocentre7725MCE5.53 KM
Heworth7766HEW7.49 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Open, Newcastle Upon Tyne, Newcastle upon Tyne, Tyne and Wear, NE1 4DB £ 140,000BUY6 / 100.00 KM
The Open, Leazes Lane, NE1 £ 120,000BUYUnknown0.07 KM
The Open, Leazes Lane, NE1 £ 130,000BUY6 / 100.07 KM
The Chare, Newcastle upon Tyne, Tyne and Wear, NE1 £ 140,000BUY5 / 100.10 KM
The Chare, Newcastle Upon Tyne, Tyne and Wear, NE1 4DD £ 170,000BUY5 / 100.10 KM

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AddressPriceDistance
34 - 36 Leazes Park Road £ 250,0000.05 KM
3 Leazes Crescent £ 350,0000.07 KM
16 Leazes Crescent £ 57,0000.07 KM
21 Leazes Crescent £ 296,0000.07 KM
20 Leazes Crescent £ 318,0000.07 KM