The list price of £4,000,000 is substantial. Without the square footage or details on the number of units within the building (it’s described as a multi-let residential investment opportunity), precise value per square foot cannot be calculated for comparison to nearby properties. However, given its prime city centre location and potential for rental income, the price may be reasonable for an investment property of this type, especially considering similar properties in the area may not have all the same benefits.

The provided image shows the property to be a large, brick building that appears structurally sound. While the picture doesn’t show the interior, the exterior suggests a property that is in reasonably good condition but could benefit from some modernisation or refurbishment to meet modern standards. Some areas may require maintenance.

The property is located in the Ouseburn area of Newcastle upon Tyne, a vibrant and increasingly popular neighbourhood known for its independent businesses, cultural attractions, and proximity to both Newcastle and Northumbria Universities. Its central location provides excellent transport links, making it highly desirable. The proximity to universities also suggests a strong rental market.

The listing does not provide details about the property’s land size. The image shows the building itself and its immediate surroundings, appearing to have limited to no land associated with the property itself. It’s likely a multi-unit building, rather than a single-family home with a garden.