Hanover Street, Newcastle upon Tyne, NE1
UR

Hanover Street, Newcastle upon Tyne, NE1

By Urban Base Executive

£ 139,999

Reviews

2 out of 5 stars

Urban Base Executive says ..

Fabulous investment opportunity priced to sell, with a potential yield of 7% subject to buying position. Quayside location with views of the River Tyne, two bedroom apartment with allocated parking. Contact us today. 

Property Oracle says ..

This two-bedroom apartment located on Hanover Street in Newcastle upon Tyne’s Monument area presents a compelling investment opportunity. The property boasts a central location within easy reach of the vibrant Quayside, offering attractive river views and close proximity to various amenities. Transport links are also excellent, with Newcastle train station conveniently close by. While the provided photos showcase a reasonably maintained apartment, a thorough cleaning and perhaps some minor cosmetic upgrades would elevate its appeal and maximize its potential value. The absence of information regarding the apartment’s size in square feet makes a conclusive judgment on its price difficult; however, considering comparable listings in the region, the listed price of £139,999 may be slightly on the higher side, warranting careful consideration before purchase. The lack of a private garden or outdoor space is a notable factor to consider, typical for city center apartments. Potential buyers should carefully weigh the pros and cons before making a purchase decision. This apartment has the potential to be a profitable investment opportunity due to its location but requires more details and potential investment.

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
8
Land
1
Bedrooms
2
Bathrooms
1

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 £
Average area rental value
1,202.00 £/mo
Decreased by 6.09 %
from 1,280.00 £/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

  • Urban Base Executive created the listing.

Nearby Schools

NameTypeOfstedDistance
North East Futures UtcUniversity Technical College0.19 KM
Callerton AcademyFree Schools1.22 KM
Tashbar Boys NurseryOther Independent School1.29 KM
Teams Children'S CentreChildren's Centre Linked Site1.31 KM
Gateshead Jewish Nursery SchoolOther Independent SchoolInadequate1.35 KM

Images

Nearby Streets

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

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL0.41 KM
Manors7603MAS1.32 KM
Dunston7744DOT3.52 KM
Metrocentre7725MCE5.71 KM
Heworth7766HEW6.69 KM

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