Citygate, Bath Lane, Newcastle upon Tyne, Tyne and Wear, NE1
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Citygate, Bath Lane, Newcastle upon Tyne, Tyne and Wear, NE1

By Everbest Properties

£ 175,000

Reviews

3 out of 5 stars

Everbest Properties says ..

Attention Investors! Let until 2025 with a 8.2% gross yield, dont miss out on this stylish 2 bedroom apartment. Contact us now for a viewing.

Property Oracle says ..

This two-bedroom, two-bathroom apartment in Newcastle upon Tyne’s Monument area presents a compelling investment opportunity. Its central location offers easy access to transport links, amenities, and cultural attractions, making it ideal for both residents and investors. The photos reveal a clean and well-maintained apartment with a modern interior; however, a refresh of the decor could enhance its appeal. While the lack of outdoor space is a limitation, the relatively reasonable price point (considering the current rental market) makes this property competitive within the Newcastle city center apartment sector. The current tenancy presents a potentially lucrative return on investment, however, buyers need to fully understand the conditions of this rental agreement. Further details, such as the exact age of the building and any upcoming maintenance costs, should be taken into consideration prior to purchase. A lack of precise square footage data for comparable properties makes a definitive assessment of value challenging. Therefore, additional information and property viewings are highly advised.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
7
Location
9
Land
1
Bedrooms
2
Bathrooms
2
Sqft (est)
636.15

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 £
Est sale value
144,406.05 £
Decreased by 5.81 %
from 153,312.15 £
Average area rental value
1,202.00 £/mo
Decreased by 6.09 %
from 1,280.00 £/mo
Est letting value
636.15 £/mo
Unchanged by 0.00 %
from 636.15 £/mo
Est rental Yield
6.40 %
Increased by 8.66 %
from 5.89 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Everbest Properties created the listing.

Nearby Schools

NameTypeOfstedDistance
Callerton AcademyFree Schools0.81 KM
Our Lady And St Anne'S Catholic Primary SchoolAcademy Converter0.82 KM
North East Futures UtcUniversity Technical College0.89 KM
University Of Newcastle Upon TyneHigher Education Institutions0.95 KM
NcgFurther EducationRequires improvement1.05 KM

Images

IMG_1552 IMG_1553 IMG_1568 IMG_1551 IMG_1560 IMG_1555 IMG_1558 IMG_1562 IMG_1563 IMG_1564 IMG_1566 IMG_1567 IMG_1569

Nearby Streets

NameAverage PriceAverage SqftDistance
B1311 £ 000.00 KM
Dispensary Lane £ 000.00 KM
The Mews £ 000.00 KM
St Andrew's Way £ 000.00 KM
Alley Number 4 £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL0.64 KM
Manors7603MAS1.75 KM
Dunston7744DOT3.51 KM
Metrocentre7725MCE5.24 KM
Heworth7766HEW7.55 KM

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