Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1
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Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1

By Living Spaces

£ 140,000

Reviews

2 out of 5 stars

Living Spaces says ..

**TWO BEDROOM QUAYSIDE APARTMENT IN PERIOD BUILDING** Situated on the banks of the river, this apartment is ideally located for the amenities of the Quayside and the City Centre. Benefits from resident parking and no onward chain. The accommodation provides; entrance hall, open plan living/kitche...

Property Oracle says ..

This two-bedroom apartment in Hanover Mill, situated on Newcastle’s Quayside, presents a compelling opportunity for buyers. The location is undoubtedly a key selling point, providing easy access to the city centre, transport links, and the amenities of the Quayside. The apartment itself appears to be in reasonable condition, though some modernisation would likely enhance its appeal and market value. The photos show a functional layout with an open-plan living area and a separate kitchen. The absence of private outdoor space is a drawback, typical of apartment living in this type of development. While the asking price of £140,000 appears justifiable, a more thorough analysis of comparable recently sold properties in the immediate area would be beneficial to confirm its competitiveness in the current market. In summary, this property offers a blend of desirable location and reasonable living space. Potential buyers should carefully weigh the advantages of the location and the need for potential minor upgrades or improvements against the asking price.

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
2
Bathrooms
1
Sqft (est)
682.43

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
154,911.61 £
Decreased by 5.81 %
from 164,465.63 £
Average area rental value
1,202.00 £/mo
Decreased by 6.09 %
from 1,280.00 £/mo
Est letting value
682.43 £/mo
Unchanged by 0.00 %
from 682.43 £/mo
Est rental Yield
6.40 %
Increased by 8.66 %
from 5.89 %
Crime Rate
1.00 %
Unchanged by 0.00 %
from 1.00 %

Agent Activity

  • Living Spaces created the listing.

Nearby Schools

NameTypeOfstedDistance
North East Futures UtcUniversity Technical College0.26 KM
Tashbar Boys NurseryOther Independent School1.27 KM
Callerton AcademyFree Schools1.30 KM
University Of Northumbria At NewcastleHigher Education Institutions1.34 KM
Gateshead Jewish Nursery SchoolOther Independent SchoolInadequate1.34 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
High Level Bridge £ 207,37500.00 KM
Saint Nicholas Chare £ 000.00 KM
Stephenson's Monument Park £ 000.00 KM
B1600 £ 000.00 KM
Sussex Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL0.45 KM
Manors7603MAS1.22 KM
Dunston7744DOT3.62 KM
Metrocentre7725MCE5.80 KM
Heworth7766HEW6.62 KM

Nearby Listings

AddressPriceTypeScoreDistance
Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1 £ 140,000BUY5 / 100.00 KM
Hanover Street, Newcastle Upon Tyne £ 70,000BUY6 / 100.00 KM
Hanover Mill, Hanover Street, Newcastle Upon Tyne £ 100,000BUY5 / 100.00 KM
Hanover Street, Newcastle upon Tyne, Tyne and Wear, NE1 £ 130,000BUY5 / 100.00 KM
Hanover Mill, Hanover Street , Newcastle Upon Tyne £ 185,000BUY6 / 100.00 KM

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AddressPriceDistance
The Turnbull £ 150,0000.29 KM
68 - 72 Close £ 100,0000.31 KM
43 Midlothian Court £ 117,9950.44 KM
45 Midlothian Court £ 162,9950.45 KM
27 Midlothian Court £ 179,9950.45 KM