Merchants Quay, Newcastle Upon Tyne
RO

Merchants Quay, Newcastle Upon Tyne

By Rook Matthews Sayer

£ 99,950

Reviews

2 out of 5 stars

Rook Matthews Sayer says ..

We are delighted to present this one-bedroom flat, ideally located in the sought-after area of Newcastle Quayside, famed for its vibrant culture and excellent public transport links. This property is perfect for first-time buyers seeking an entry into the property market or investors seeking a va...

Property Oracle says ..

This one-bedroom flat is situated in the desirable Merchants Quay area of Newcastle upon Tyne, close to the Monument. The location offers excellent access to the city centre’s amenities, including shops, restaurants, and cultural attractions. Public transport links, notably Newcastle train station, are within easy reach, improving its accessibility. Several schools are within a reasonable distance, although their specific ratings are not provided.

The property itself, judging by the provided images, appears clean and well-maintained although not fully renovated. The kitchen and bathroom are functional, with the latter possibly needing minor maintenance (sealant around the bath). The flooring and wall finishes appear relatively modern. However, the lack of information on the total size of the property makes it difficult to assess if the space is optimally utilised. The flat is likely compact, based on the pictures and the fact that it’s advertised as a one-bedroom unit in a city centre location.

The absence of private outdoor space or a garden is typical for city centre apartments. Given the lack of information on square footage and local pricing per square foot, it’s challenging to make a conclusive judgment on the property’s value. Yet, compared to other nearby listings for one-bedroom flats, the listed price of £99,950 falls within a competitive price range, and perhaps could represent a good opportunity for first-time buyers or investors. Further due diligence and a viewing are recommended to fully assess its condition and suitability. The lack of property information like square footage hinders a thorough analysis, suggesting additional information should be sought from the listing agent before making a purchase decision.

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
1
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
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Rook Matthews Sayer created the listing.

Nearby Schools

NameTypeOfstedDistance
North East Futures UtcUniversity Technical College0.57 KM
University Of Northumbria At NewcastleHigher Education Institutions1.09 KM
Tashbar Boys NurseryOther Independent School1.23 KM
Christ Church Cofe Primary SchoolVoluntary Aided SchoolGood1.26 KM
Matov Children'S CentreChildren's Centre Linked Site1.31 KM

Images

Photo 7 Photo 6 Photo 2 Photo 1 Photo 5 Photo 4 Photo 3

Nearby Streets

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

Nearby Transport

NameNLCTLCDistance
Newcastle7728NCL0.69 KM
Manors7603MAS0.91 KM
Dunston7744DOT3.94 KM
Metrocentre7725MCE6.11 KM
Heworth7766HEW6.37 KM

Nearby Listings

AddressPriceTypeScoreDistance
Merchants Quay, Newcastle Upon Tyne £ 99,950BUY5 / 100.00 KM
Merchants Quay, Newcastle Upon Tyne £ 195,000BUY7 / 100.01 KM
Apartment 22 Merchants Quay, 46-54 Close, Newcastle upon Tyne, Tyne and Wear, NE1 3RF £ 120,000BUYUnknown0.01 KM
58 Close, Newcastle, NE1 3RJ £ 200,000BUYUnknown0.01 KM
38 Merchants Quay 46-54, Newcastle City Centre £ 85,000BUY6 / 100.01 KM

Nearby Properties

AddressPriceDistance
68 - 72 Close £ 100,0000.02 KM
The Turnbull £ 150,0000.09 KM
23b Queen Street £ 165,0000.47 KM
23d Queen Street £ 130,0000.47 KM
17e Queen Street £ 134,5000.47 KM