Merchants Quay, Newcastle upon Tyne, Tyne and Wear, NE1
BR

Merchants Quay, Newcastle upon Tyne, Tyne and Wear, NE1

By Bridgfords

£ 130,000

Reviews

3 out of 5 stars

Bridgfords says ..

Spacious One-Bedroom Apartment with Stunning River Views – Ideal for First-Time Buyers and Investors Located in the heart of Merchants Quay, this delightful one-bedroom apartment offers a bright and spacious living experience. Boasting a large private terrace with fantastic views...

Property Oracle says ..

Merchants Quay, Newcastle upon Tyne, Tyne and Wear, NE1 is a 1-bedroom flat listed at £130,000. The property boasts 688 sqft of living space and a 488 sqft plot. Given its location in the Monument area of Newcastle upon Tyne, close to transport links and educational institutions, the location score is high. The images show a modern flat in good condition with a patio offering views of the Tyne bridges. The property appears well-maintained, suggesting a high condition score. While the plot size is relatively small for a flat, the presence of a patio adds value. The average price per sqft in the area is £227, and while this property is below average in price, it is important to note that the average sqft for properties in the area is 965 sqft, significantly larger than this property. Considering the modern condition, desirable location, and the inclusion of a patio, the list price appears reasonable, resulting in a moderate price score.

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
7
Condition
9
Location
9
Land
6
Bedrooms
1
Bathrooms
1
Sqft (est)
688.00
Lot (est)
488.00

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 £
Est sale value
156,176.00 £
Decreased by 5.81 %
from 165,808.00 £
Average area rental value
1,202.00 £/mo
Decreased by 6.09 %
from 1,280.00 £/mo
Est letting value
688.00 £/mo
Unchanged by 0.00 %
from 688.00 £/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

  • Bridgfords marked this listing as sold.

  • Bridgfords created the listing.

Nearby Schools

NameTypeOfstedDistance
North East Futures UtcUniversity Technical College0.55 KM
University Of Northumbria At NewcastleHigher Education Institutions1.09 KM
Tashbar Boys NurseryOther Independent School1.25 KM
Christ Church Cofe Primary SchoolVoluntary Aided SchoolGood1.27 KM
Gateshead Jewish Nursery SchoolOther Independent SchoolInadequate1.32 KM

Images

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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
Newcastle7728NCL0.68 KM
Manors7603MAS0.91 KM
Dunston7744DOT3.93 KM
Metrocentre7725MCE6.10 KM
Heworth7766HEW6.39 KM

Nearby Listings

AddressPriceTypeScoreDistance
Merchants Quay, Newcastle Upon Tyne , Tyne And Wear £ 179,950BUY6 / 100.00 KM
Close, Newcastle Upon Tyne, NE1 £ 175,000BUY5 / 100.00 KM
Close, Newcastle Upon Tyne, NE1 £ 175,000BUY6 / 100.00 KM
Merchants Quay, Newcastle upon Tyne, Tyne and Wear, NE1 £ 130,000BUY7 / 100.00 KM
58 Close, Newcastle, NE1 3RJ £ 200,000BUYUnknown0.01 KM

Nearby Properties

AddressPriceDistance
68 - 72 Close £ 100,0000.00 KM
The Turnbull £ 150,0000.07 KM
23b Queen Street £ 165,0000.49 KM
9e Queen Street £ 90,0000.49 KM
17e Queen Street £ 134,5000.49 KM