Ground Floor Flat, Osborne Terrace, Jesmond, Newcastle upon Tyne, Tyne and Wear, NE2 1NE
HE

Ground Floor Flat, Osborne Terrace, Jesmond, Newcastle upon Tyne, Tyne and Wear, NE2 1NE

By Heaton Property

£ 225,000

Reviews

3 out of 5 stars

Heaton Property says ..

Heaton Property is delighted to present this three bedroom apartment to the Sales Market. Please note this property is currently tenanted on a single AST until the summer of 2024 and therefore only suitable for investors. This property currently generates £1500.00 PCM....

Property Oracle says ..

This three-bedroom ground floor flat in Jesmond, Newcastle upon Tyne, is presented as an investment opportunity due to its current tenancy. Located on Osborne Terrace in the sought-after South Jesmond area, its location is a major advantage. The proximity to excellent schools and relatively convenient transport links adds to the property’s appeal to families and professionals. Based on the provided images, the property’s internal condition appears acceptable; it’s clean and neatly presented, but doesn’t present high-end finishes. The property includes a small patio area and access to a modest garden. The list price of £225,000 needs to be considered carefully in the context of the rental market and the current state of the property. This must be judged against the current rental income from the property. Comparable nearby properties with similar characteristics would need to be assessed to provide a full market valuation. Overall, this property is a potentially viable investment opportunity for buyers looking for rental income, particularly given the desirable location in Jesmond. However, potential buyers should conduct a thorough survey to assess the property’s condition and future maintenance costs. Further, an independant valuation is recommended to provide a more acurate valuation of the property.

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
6
Location
8
Land
3
Bedrooms
3
Bathrooms
2
Sqft (est)
965.20

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
287,488.00 £
Decreased by 9.58 %
from 317,935.00 £
Est sale value
421,792.40 £
Increased by 65.53 %
from 254,812.80 £
Average area rental value
1,342.00 £/mo
Decreased by 11.65 %
from 1,519.00 £/mo
Est letting value
1,930.40 £/mo
Increased by 100.00 %
from 965.20 £/mo
Est rental Yield
5.60 %
Decreased by 2.27 %
from 5.73 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Heaton Property marked this listing as sold.

  • Heaton Property created the listing.

Nearby Schools

NameTypeOfstedDistance
Newcastle Preparatory SchoolOther Independent School0.38 KM
Royal Grammar SchoolOther Independent School0.44 KM
University Of Northumbria At NewcastleHigher Education Institutions0.66 KM
Christ Church Cofe Primary SchoolVoluntary Aided SchoolGood0.69 KM
Newcastle High School For GirlsOther Independent School0.95 KM

Images

OTO8F1 (2) OTO8F1 (6) OTO8F1 (10) OTO8F1 (11) OTO8F1 (18) OTO8F1 (5) OTO8F1 (1) OTO8F1 (13) OTO8F1 (17) OTO8F1 (16) OTO8F1 (8) OTO8F1 (9)

Nearby Streets

NameAverage PriceAverage SqftDistance
B1307 £ 000.00 KM
Gladstone Place £ 000.00 KM
Rosedale Terrace £ 000.00 KM
Rock Terrace £ 000.00 KM
Clarence Walk £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manors7603MAS0.96 KM
Newcastle7728NCL2.08 KM
Dunston7744DOT5.49 KM
Heworth7766HEW6.26 KM
Metrocentre7725MCE7.29 KM

Nearby Listings

AddressPriceTypeScoreDistance
10 Osborne Terrace, Jesmond, Newcastle Upon Tyne, NE2 £ 180,000BUY6 / 100.02 KM
Osborne Terrace, Newcastle Upon Tyne, Tyne and Wear, NE2 1NE £ 210,000BUYUnknown0.02 KM
7 Osborne Terrace, Newcastle Upon Tyne, Tyne and Wear, NE2 £ 285,000BUY6 / 100.03 KM
Osborne Terrace, Jesmond £ 210,000BUY6 / 100.04 KM
Osborne Terrace, Jesmond, Newcastle upon Tyne £ 210,000BUYUnknown0.04 KM

Nearby Properties

AddressPriceDistance
22 Portland Terrace £ 190,0000.10 KM
9 Portland Terrace £ 177,0900.10 KM
7 Portland Terrace £ 325,0000.10 KM
17 Portland Terrace £ 130,0000.10 KM
16 Portland Terrace £ 355,0000.10 KM