Shortridge Terrace, Jesmond, Newcastle upon Tyne
HI

Shortridge Terrace, Jesmond, Newcastle upon Tyne

By Hive Estates

£ 375,000

Reviews

3 out of 5 stars

Hive Estates says ..

Hive Estates presents this spacious upper floor five-bedroom licensed HMO, located in the highly sought-after area of Jesmond. Tenanted until July 2026, generating £31,200 per annum, representing a gross rental yield of 8.3%. The property offers an immediate strong income stream with significant ...

Property Oracle says ..

Jesmond is a popular and affluent suburb of Newcastle upon Tyne, known for its Victorian architecture, excellent schools, and proximity to Newcastle city centre. The property’s location on Shortridge Terrace places it within easy reach of local amenities, including shops, restaurants, and green spaces. Several highly-rated schools are within a reasonable distance, making it an attractive option for families. Public transportation links to Newcastle city centre are also readily available. The property appears to be in generally good condition. While the kitchen shows some signs of wear, the overall presentation is clean and well-maintained. The property benefits from modern fixtures and fittings in the bathrooms and bedrooms. There is no significant evidence of disrepair or the need for extensive renovation. The property includes a small, enclosed rear yard, providing some outdoor space. While not extensive, it offers a private area for relaxation or entertaining. The list price of £375,000 is slightly below the average price for the area (£404,933). Considering the property’s size (935.71 sqft) and the average price per square foot (£343), the asking price seems reasonable, particularly given its location in desirable Jesmond. However, the lack of sqft data for nearby comparable properties makes a definitive price comparison challenging. The presence of a small yard also adds to the property’s value.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
8
Location
9
Land
4
Bedrooms
5
Bathrooms
2
Sqft (est)
935.71
Lot (est)
1,022.57

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
408,905.27 £
Increased by 65.53 %
from 247,027.44 £
Average area rental value
1,342.00 £/mo
Decreased by 11.65 %
from 1,519.00 £/mo
Est letting value
1,871.42 £/mo
Increased by 100.00 %
from 935.71 £/mo
Est rental Yield
5.60 %
Decreased by 2.27 %
from 5.73 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Hive Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
St Catherine'S Catholic Primary SchoolAcademy Converter0.61 KM
Newcastle Preparatory SchoolOther Independent School1.11 KM
Jesmond Park AcademyAcademy Sponsor Led1.19 KM
Royal Grammar SchoolOther Independent School1.23 KM
West Jesmond Primary SchoolFoundation SchoolOutstanding1.25 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Buston Terrace £ 000.00 KM
St Catherines Grove £ 000.00 KM
Saint Catherines Court £ 000.00 KM
Helmsley Mews £ 000.00 KM
Rosedale Terrace £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Manors7603MAS1.89 KM
Newcastle7728NCL3.09 KM
Heworth7766HEW6.19 KM
Dunston7744DOT6.48 KM
Metrocentre7725MCE8.19 KM

Nearby Listings

Nearby Properties

AddressPriceDistance
100 Shortridge Terrace £ 190,0000.01 KM
114 Shortridge Terrace £ 120,0000.01 KM
76 Shortridge Terrace £ 158,4000.01 KM
84 Shortridge Terrace £ 248,0000.01 KM
82 Shortridge Terrace £ 289,0000.01 KM