Colombo Square, Worsdell Drive, Gateshead
BR

Colombo Square, Worsdell Drive, Gateshead

By Bricks & Mortar

£ 140,000

Bricks & Mortar says ..

Ideal for investors with tenants in situ, Bricks & Mortar are pleased to offer this second floor, two bedroom apartment in Colombo Square at the Ochre Yards development near Gateshead Quays.<br /><br />The property is currently let to professionals at £715pcm but could easily achieve a higher figure upon review.<br /><br />Externally, there is an allocated parking space in addition to visitor parking with well kept communal areas, lift access, coded entry with intercom and foyer with post boxes.<br /><br />The apartment itself is tastefully decorated with neutral tones throughout. The living space is open plan with a flush kitchen to the back which includes blackg loss fronted units, integrated appliances and chrome sink unit. There is plenty of room for dining in addition to the seating area and a Juliet balcony offers views across the development.<br /><br />The entrance way includes a storage cupboard and this also leads to the two double bedrooms, fitted with carpets and the bathroom which is fully tiled and includes a full suite with over bath shower. <br /><br />We have been advised by the owners of the following;<br /><br />125 year lease from 1st January 2005<br />Ground Rent £230pa<br />Service Charges £118 per month<br /><br />Disclaimer – These particulars are for guidance only and do not form part of any contract. Whilst care has been taken in their preparation, we do not hold ourselves responsible for any inaccuracies. They are issued on the understanding that all negotiations will be conducted through this company. <br /><br />Bricks & Mortar Group Give Notice That;- 1. These particulars do not constitute any part of an offer or a contract. 2. All statements contained in these particulars to this property are made without responsibility on the part of the Agents or the Vendor/Lessor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4. The particulars, various plans, photographs, descriptions and measurements have been carefully prepared,but their accuracy is not guaranteed and any intending Purchasers/Lessees shall satisfy themselves by inspection or otherwise as to their correctness. No omission, accidental error or misdescription shall be a ground for a claim neither for compensation nor the recession of the Contract by either the Vendor/Lessor or the Purchaser/Tenant. 5. Neither the Vendor/Lessor nor Bricks & Mortar Group nor any person in employment has any authority to make or give any representation or warranty in relation to the property. 6. The copyright of all details, photographs and floorplans remain exclusive to Bricks & Mortar Group and no third party shall use these without express written consent by the company.<br /><br />

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
131,874.00 £
Decreased by 12.47 %
from 150,654.00 £
Average area rental value
1,083.00 £/mo
Increased by 0.65 %
from 1,076.00 £/mo
Est rental Yield
9.85 %
Increased by 14.94 %
from 8.57 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Bricks & Mortar created the listing.

Nearby Schools

NameTypeOfstedDistance
North East Futures UtcUniversity Technical College0.70 KM
Tashbar Boys NurseryOther Independent School0.80 KM
Gateshead Jewish Nursery SchoolOther Independent SchoolInadequate0.88 KM
Matov Children'S CentreChildren's Centre Linked Site0.88 KM
St Joseph'S Catholic Primary School, GatesheadAcademy Converter1.06 KM

Images

BM00374-S-IMG_2027-11-colombo.jpg BM00374-S-IMG_2038-11-colombo.jpg BM00374-S-IMG_2019-11-colombo.jpg BM00374-S-IMG_2020-11-colombo.jpg BM00374-S-IMG_2024-11-colombo.jpg BM00374-S-IMG_2034-11-colombo.jpg BM00374-S-IMG_2035-11-colombo.jpg BM00374-S-IMG_2040-11-colombo.jpg BM00374-S-IMG_2041-11-colombo.jpg BM00374-S-IMG_2042-11-colombo.jpg BM00374-S-IMG_2043-11-colombo.jpg BM00374-S-IMG_2045-11-colombo.jpg CAM00148P1-PR0046-STILL11.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
B1600 £ 000.00 KM
Gateshead Station West Bridge Number 307 £ 140,00000.00 KM
Askew Road £ 000.00 KM
High Level Bridge £ 207,37500.00 KM
Saint Nicholas Chare £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL0.93 KM
Manors7603MAS1.22 KM
Dunston7744DOT3.79 KM
Metrocentre7725MCE6.12 KM
Heworth7766HEW6.20 KM

Nearby Listings

AddressPriceTypeScoreDistance
COLOMBO SQUARE, OCHRE YARDS £ 157,500BUY5 / 100.00 KM
Colombo Square, Worsdell Drive, Gateshead, NE8 £ 115,000BUY6 / 100.00 KM
COLOMBO SQUARE, GATESHEAD £ 157,500BUY5 / 100.00 KM
Colombo Square, Worsdell Drive, Gateshead Quays, NE8 £ 150,000BUY6 / 100.01 KM
Colombo Square, Worsdell Drive, Gateshead, NE8 £ 120,000BUY6 / 100.01 KM

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AddressPriceDistance
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41 Midlothian Court £ 168,4950.18 KM
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45 Midlothian Court £ 162,9950.18 KM
43 Midlothian Court £ 117,9950.20 KM