Colombo Square, Ochre Yards, Gateshead
By Bricks & Mortar
£ 140,000
Bricks & Mortar says ..
*Investment Opportunity* (EWS1 Form In Place) Currently tenanted until September 2022, Bricks & Mortar welcomes this third floor, modern, two bedroom apartment in Colombo Square, Gateshead. Close to both Gateshead and Newcastle's quayside, this is a popular location for professional renters.<br /><br />An allocated parking space is included with visitor parking and well maintained communal grounds. The apartment is accessed by stairs and lift with door code entry and intercom system.<br /><br />Neutrally decorated, the property includes a spacious loving room/diner/kitchen with patio doors leading to a private balcony. The kitchen features integrated appliances including a fridge freezer along with wall and base beech units. <br /><br />Both bedrooms are good sized doubles, the second of which also accesses the balcony whilst the master includes an ensuite shower room. <br /><br />There is an additional shared bathroom with full white suite and beige tiling. <br /><br />The property is current rented out to professional tenants at £750pcm and is to be sold with tenants in situ. <br /><br />We have also been advised the following by the current owners;<br /><br />The property is leasehold with a 125 year lease from 1st Jan 2006.<br />Annual ground rent is £190.24<br />Annual service charges are £1213.<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
- 2
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Metrics Year-on-Year
- Average area value
- 131,874.00 £Decreased by 12.47 %
- Average area rental value
- 1,083.00 £/moIncreased by 0.65 %
- Est rental Yield
- 9.85 %Increased by 14.94 %
- Crime Rate
- 0.00 %
Agent Activity
Bricks & Mortar created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| North East Futures Utc | University Technical College | 0.69 KM | |
| Tashbar Boys Nursery | Other Independent School | 0.81 KM | |
| Matov Children'S Centre | Children's Centre Linked Site | 0.89 KM | |
| Gateshead Jewish Nursery School | Other Independent School | Inadequate | 0.89 KM |
| St Joseph'S Catholic Primary School, Gateshead | Academy Converter | 1.08 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| B1600 | £ 0 | 0 | 0.00 KM |
| Gateshead Station West Bridge Number 307 | £ 140,000 | 0 | 0.00 KM |
| Askew Road | £ 0 | 0 | 0.00 KM |
| High Level Bridge | £ 207,375 | 0 | 0.00 KM |
| Saint Nicholas Chare | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Newcastle | 7728 | NCL | 0.91 KM |
| Manors | 7603 | MAS | 1.21 KM |
| Dunston | 7744 | DOT | 3.78 KM |
| Metrocentre | 7725 | MCE | 6.10 KM |
| Heworth | 7766 | HEW | 6.21 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Colombo Square, Worsdell Drive, Gateshead, NE8 | £ 120,000 | BUY | 6 / 10 | 0.00 KM |
| Bittern House, Worsdell Drive, Gateshead | £ 250,000 | BUY | 6 / 10 | 0.00 KM |
| Colombo Square, Worsdell Drive, Gateshead Quays, NE8 | £ 150,000 | BUY | 6 / 10 | 0.00 KM |
| Colombo Square, Worsdell Drive, Gateshead, NE8 | £ 115,000 | BUY | 6 / 10 | 0.01 KM |
| COLOMBO SQUARE, OCHRE YARDS | £ 157,500 | BUY | 5 / 10 | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 45 Midlothian Court | £ 162,995 | 0.17 KM |
| 41 Midlothian Court | £ 168,495 | 0.17 KM |
| 28 Midlothian Court | £ 181,995 | 0.17 KM |
| 27 Midlothian Court | £ 179,995 | 0.17 KM |
| 43 Midlothian Court | £ 117,995 | 0.19 KM |