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 %
- Est sale value
- 144,406.05 £Decreased by 5.81 %
- Average area rental value
- 1,202.00 £/moDecreased by 6.09 %
- Est letting value
- 636.15 £/moUnchanged by 0.00 %
- Est rental Yield
- 6.40 %Increased by 8.66 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
Everbest Properties created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Callerton Academy | Free Schools | 0.81 KM | |
| Our Lady And St Anne'S Catholic Primary School | Academy Converter | 0.82 KM | |
| North East Futures Utc | University Technical College | 0.89 KM | |
| University Of Newcastle Upon Tyne | Higher Education Institutions | 0.95 KM | |
| Ncg | Further Education | Requires improvement | 1.05 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| B1311 | £ 0 | 0 | 0.00 KM |
| Dispensary Lane | £ 0 | 0 | 0.00 KM |
| The Mews | £ 0 | 0 | 0.00 KM |
| St Andrew's Way | £ 0 | 0 | 0.00 KM |
| Alley Number 4 | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Newcastle | 7728 | NCL | 0.64 KM |
| Manors | 7603 | MAS | 1.75 KM |
| Dunston | 7744 | DOT | 3.51 KM |
| Metrocentre | 7725 | MCE | 5.24 KM |
| Heworth | 7766 | HEW | 7.55 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Citygate, Bath Lane, Newcastle upon Tyne, Tyne and Wear, NE1 | £ 175,000 | BUY | 6 / 10 | 0.00 KM |
| Citygate, Bath Lane, Newcastle Upon Tyne | £ 180,000 | BUY | 6 / 10 | 0.17 KM |
| Citygate, Bath Lane, Newcastle upon Tyne, Tyne and Wear, NE1 | £ 175,000 | BUY | 5 / 10 | 0.19 KM |
| Citygate, Newcastle Upon Tyne | £ 170,000 | BUY | Unknown | 0.19 KM |
| Blackfriars Court , Blackfriars Court, Newcastle upon Tyne, NE1 4XB | £ 94,500 | BUY | 5 / 10 | 0.19 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 5 Blackfriars Court | £ 88,000 | 0.20 KM |
| 23 Blackfriars Court | £ 85,000 | 0.20 KM |
| 37 Blackfriars Court | £ 53,000 | 0.20 KM |
| 12 Blackfriars Court | £ 145,000 | 0.20 KM |
| 31 Blackfriars Court | £ 103,500 | 0.20 KM |