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 %
- Est sale value
- 421,792.40 £Increased by 65.53 %
- Average area rental value
- 1,342.00 £/moDecreased by 11.65 %
- Est letting value
- 1,930.40 £/moIncreased by 100.00 %
- Est rental Yield
- 5.60 %Decreased by 2.27 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Heaton Property marked this listing as sold.
Heaton Property created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Newcastle Preparatory School | Other Independent School | 0.38 KM | |
| Royal Grammar School | Other Independent School | 0.44 KM | |
| University Of Northumbria At Newcastle | Higher Education Institutions | 0.66 KM | |
| Christ Church Cofe Primary School | Voluntary Aided School | Good | 0.69 KM |
| Newcastle High School For Girls | Other Independent School | 0.95 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| B1307 | £ 0 | 0 | 0.00 KM |
| Gladstone Place | £ 0 | 0 | 0.00 KM |
| Rosedale Terrace | £ 0 | 0 | 0.00 KM |
| Rock Terrace | £ 0 | 0 | 0.00 KM |
| Clarence Walk | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Manors | 7603 | MAS | 0.96 KM |
| Newcastle | 7728 | NCL | 2.08 KM |
| Dunston | 7744 | DOT | 5.49 KM |
| Heworth | 7766 | HEW | 6.26 KM |
| Metrocentre | 7725 | MCE | 7.29 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 10 Osborne Terrace, Jesmond, Newcastle Upon Tyne, NE2 | £ 180,000 | BUY | 6 / 10 | 0.02 KM |
| Osborne Terrace, Newcastle Upon Tyne, Tyne and Wear, NE2 1NE | £ 210,000 | BUY | Unknown | 0.02 KM |
| 7 Osborne Terrace, Newcastle Upon Tyne, Tyne and Wear, NE2 | £ 285,000 | BUY | 6 / 10 | 0.03 KM |
| Osborne Terrace, Jesmond | £ 210,000 | BUY | 6 / 10 | 0.04 KM |
| Osborne Terrace, Jesmond, Newcastle upon Tyne | £ 210,000 | BUY | Unknown | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 22 Portland Terrace | £ 190,000 | 0.10 KM |
| 9 Portland Terrace | £ 177,090 | 0.10 KM |
| 7 Portland Terrace | £ 325,000 | 0.10 KM |
| 17 Portland Terrace | £ 130,000 | 0.10 KM |
| 16 Portland Terrace | £ 355,000 | 0.10 KM |