Pudding Chare, City Centre, Newcastle upon Tyne, Tyne and Wear, NE1 1UD
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Pudding Chare, City Centre, Newcastle upon Tyne, Tyne and Wear, NE1 1UD

By Pattinson Estate Agents

£ 125,000

Reviews

3 out of 5 stars

Pattinson Estate Agents says ..

Pattinson welcome to the market this fifth floor, two bedroom apartment currently tenanted for £1,000pcm. The property is ideally located right within Newcastle City Centre, providing access to many local amenities including shops, restaurants, clubs and more. It also offers great transport ...

Property Oracle says ..

This two-bedroom apartment located in Newcastle upon Tyne’s city centre presents a compelling opportunity for investors and first-time buyers. Its advantageous location offers unparalleled access to shops, restaurants, entertainment venues, and excellent transport links, including Newcastle train station, making it attractive for tenants and residents alike. The apartment itself presents itself in adequate condition, though some modernisation, particularly in the kitchen and bathroom areas, could improve its overall appeal. The communal courtyard provides a small measure of outdoor space, although this would not be considered a significant advantage. The lack of provided information regarding the apartment’s precise size and additional features prevents a definitive assessment of its value-for-money proposition. However, comparing it to similar properties within the immediate vicinity, the list price is competitive within the current market. The apartment appears suitable for a buyer or landlord seeking an affordable city-centre property, though the buyer should factor in potential costs for future renovations or maintenance. A potential investor could also find this attractive considering its rental appeal due to its excellent location.

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
9
Land
2
Bedrooms
2
Bathrooms
1
Sqft (est)
570.49

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
129,501.23 £
Decreased by 5.81 %
from 137,488.09 £
Average area rental value
1,202.00 £/mo
Decreased by 6.09 %
from 1,280.00 £/mo
Est letting value
570.49 £/mo
Unchanged by 0.00 %
from 570.49 £/mo
Est rental Yield
6.40 %
Increased by 8.66 %
from 5.89 %
Crime Rate
27.00 %
Unchanged by 0.00 %
from 27.00 %

Agent Activity

  • Pattinson Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
North East Futures UtcUniversity Technical College0.39 KM
Callerton AcademyFree Schools1.10 KM
University Of Newcastle Upon TyneHigher Education Institutions1.15 KM
University Of Northumbria At NewcastleHigher Education Institutions1.18 KM
Our Lady And St Anne'S Catholic Primary SchoolAcademy Converter1.22 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Stephenson's Monument Park £ 000.00 KM
Sussex Street £ 000.00 KM
Alley Number 4 £ 000.00 KM
St Andrew's Way £ 000.00 KM
Saint Nicholas Chare £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL0.25 KM
Manors7603MAS1.25 KM
Dunston7744DOT3.66 KM
Metrocentre7725MCE5.66 KM
Heworth7766HEW6.94 KM

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18l Clayton Street West £ 170,0000.45 KM