The Close, City Centre, Newcastle upon Tyne, NE1
UR

The Close, City Centre, Newcastle upon Tyne, NE1

By Urban Base Executive

£ 179,995

Reviews

3 out of 5 stars

Urban Base Executive says ..

This beautifully refurbished two-bedroom, two-bathroom property is the perfect opportunity for first-time buyers or savvy investors looking to add to their portfolio. The property has been thoughtfully updated to offer modern finishes, bright interiors, and spacious living areas, making ...

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom apartment located in the City Centre of Newcastle upon Tyne, a vibrant and popular city in North East England. The Monument locality is known for its proximity to the city’s cultural attractions, transport links, and amenities. The presence of several train stations within a reasonable distance suggests good transport connectivity. Furthermore, several schools are located nearby, although their Ofsted ratings are not provided, preventing a comprehensive assessment of their quality. The area’s average house price is £219,624, and the average price per square foot is £227. However, the square footage of the subject property is not provided, hindering a precise comparison.

The apartment appears to be in excellent condition based on the provided images. The interior is modern and well-maintained, with contemporary furnishings and finishes. The kitchen and bathrooms are clean and recently updated. The external images show a modern apartment building in a good state of repair.

The listing does not specify the presence of a garden or outdoor space, but the photos reveal a small balcony, offering some outdoor amenity. While this is not a large outdoor area, it still provides a pleasant addition to the apartment.

The list price of £179,995 is slightly below the area average of £219,624. Considering the apparent excellent condition of the property, its central location, and the inclusion of a balcony, the price appears to be reasonable, potentially representing good value for money, especially when compared to some of the nearby listings, which are similarly sized and priced. However, without the property’s square footage, a definitive conclusion on the price-to-sqft ratio cannot be reached.

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
9
Location
9
Land
3
Bedrooms
2
Bathrooms
2

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
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • Urban Base Executive created the listing.

Nearby Schools

NameTypeOfstedDistance
North East Futures UtcUniversity Technical College0.49 KM
University Of Northumbria At NewcastleHigher Education Institutions1.14 KM
Tashbar Boys NurseryOther Independent School1.24 KM
Gateshead Jewish Nursery SchoolOther Independent SchoolInadequate1.32 KM
Matov Children'S CentreChildren's Centre Linked Site1.32 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
High Level Bridge £ 207,37500.00 KM
B1600 £ 000.00 KM
Saint Nicholas Chare £ 000.00 KM
Stephenson's Monument Park £ 000.00 KM
Swan House Roundabout £ 170,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL0.63 KM
Manors7603MAS0.97 KM
Dunston7744DOT3.87 KM
Metrocentre7725MCE6.04 KM
Heworth7766HEW6.43 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Close, City Centre, Newcastle upon Tyne, NE1 £ 179,995BUY7 / 100.00 KM
Close, Newcastle upon Tyne, NE1 £ 210,000BUY6 / 100.00 KM
Quayside Lofts,, 8 Clavering Place, Newcastle Upon Tyne, Tyne and Wear, NE1 £ 120,000BUY5 / 100.04 KM
8 Clavering Place, Newcastle Upon Tyne, NE1 £ 425,000BUY7 / 100.05 KM
Merchants Quay, 45-57 The Close, Newcastle upon Tyne £ 119,500BUY5 / 100.06 KM

Nearby Properties

AddressPriceDistance
68 - 72 Close £ 100,0000.06 KM
The Turnbull £ 150,0000.08 KM
41 Midlothian Court £ 168,4950.51 KM
28 Midlothian Court £ 181,9950.51 KM
45 Midlothian Court £ 162,9950.51 KM