The Wills Building, Newcastle upon Tyne, Tyne and Wear, NE7
PA

The Wills Building, Newcastle upon Tyne, Tyne and Wear, NE7

By Pat Robson

£ 130,000

Reviews

3 out of 5 stars

Pat Robson says ..

**Ground Floor Duplex Apartment**Mezzanine Office or Guest Room**No Onward Chain** Originally constructed in the 1940’s as a cigarette factory for W.D. and H.O. Wills, The Wills Building was spectacularly converted into apartments in 1999. Built in the Art Deco Style, this iconic landmark a...

Property Oracle says ..

The property is a 1-bedroom apartment located in the Wills Building, Newcastle upon Tyne. The apartment is modern and appears to be in good condition based on the provided images. The kitchen and bathrooms are clean and well-maintained, and the living areas are spacious and bright. There is no evidence of any significant repairs or renovations needed. The location in Manor Park offers proximity to several schools, including Benfield School (0.76km), Walkergate Community School (1.45km), and several primary schools within a 2km radius. Transportation links are also relatively close, with several train stations within a 5-7km radius. However, the lack of plot size indicates no garden. Considering the list price of £130,000, the average price of similar properties in the area is significantly higher (£330,561). However, the average price per square foot in the area (£358) is higher than the implied price per square foot for this property (£170.10), suggesting that the list price may represent good value. The smaller size of this apartment compared to the area average (764 sqft vs 922 sqft) also contributes to the lower price. Nearby comparable apartment listings range from £110,000 to £150,000, supporting the assertion that this property’s price is reasonable.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
9
Location
7
Land
1
Bedrooms
1
Bathrooms
2
Sqft (est)
764.24

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
383,000.00 £
Increased by 11.30 %
from 344,107.00 £
Est sale value
396,640.56 £
Increased by 48.29 %
from 267,484.00 £
Average area rental value
1,425.00 £/mo
Decreased by 0.90 %
from 1,438.00 £/mo
Est letting value
764.24 £/mo
Unchanged by 0.00 %
from 764.24 £/mo
Est rental Yield
4.46 %
Decreased by 10.98 %
from 5.01 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Pat Robson marked this listing as sold.

  • Pat Robson created the listing.

Nearby Schools

NameTypeOfstedDistance
Benfield SchoolAcademy ConverterRequires improvement0.76 KM
Walkergate Community SchoolAcademy ConverterGood1.45 KM
South HeatonChildren's Centre Linked Site1.45 KM
Redesdale Primary SchoolFoundation SchoolGood1.71 KM
Ravenswood Primary SchoolFoundation SchoolGood1.75 KM

Images

Picture 1 Picture 2 Picture 5 Picture 7 Picture 3 Picture 4 Picture 6 Picture 8 Picture 9 Picture 10 Picture 11 Picture 12 Picture 13

Nearby Streets

NameAverage PriceAverage SqftDistance
Meridian Way £ 000.00 KM
Holland Park £ 000.00 KM
A1058 £ 000.00 KM
Jasmine Close £ 000.00 KM
Westminster Way £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Heworth7766HEW5.01 KM
Manors7603MAS5.37 KM
Newcastle7728NCL6.82 KM

Nearby Properties

AddressPriceDistance
204 Wills Mews £ 139,9500.04 KM
202 Wills Mews £ 210,0000.04 KM
209 Wills Mews £ 193,5000.04 KM
208 Wills Mews £ 205,0000.04 KM
8 Barwell Court £ 220,0000.08 KM