Studio for sale in Hopper Street, Gateshead NE8

Fixed price £69,995 (£260/sq. ft)
1 1 269 sq. ft*
Interested in this property? Call +44 1798 217975 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Central heating
  • Double glazing
  • 8% net yield assured for 3 years
  • From £69,995
  • 250 Year Leasehold

Property description

We are pleased to have these Studio apartments as one of our new investment offers.

Contact us now by email with your full contact details and we will send you a full brochure plus our latest list of all our offers for new build in the UK.

Hopper House will see the creation of 81 stylish apartments in an outstanding central Gateshead location. The development has been designed with students and young, professional urban tenants in mind and will include a host of desirable facilities, from a gym and sauna to bicycle parking and WiFi. Each apartment also features a terraced area to ensure that residents can enjoy their outside space as much as their tasteful interiors. Offering the best in modern living and promoting a hassle-free lifestyle is core to the ethos behind Hopper House. As such, the apartments will offer an all-inclusive rental package, whereby tenants’ heating, water, electricity, internet and so forth is included in their rent. All apartments come fully furnished to an extremely high standard, with quality fixtures and fittings. Laundry rooms within the building reduce the need for washing machines in individual homes, thus maximising space for tenants while removing a maintenance headache for investors. This thoughtful approach to design has been applied across the development.

Purchase a studio for £69,995 Units with accessible terrace/balconies available

Unlimited exit strategies 250 Year leasehold

3 Year rental assurance paid quarterly

Rent to whole of the market

Fully self-contained studios

Fully furnished

Fully fitted en-suites

Fully fitted kitchens

Fully managed investment

Exceptionally large accommodation

Units over 25 sq m

Completion quarter 4 2018

Many onsite facilities include: - Reception - Communal rooms - Vending machines - Communal lounge - Gymnasium - Wifi - Sauna - Bike stores

Successful & proven developer

Long standing & successful management company

Excellent location - 10 minutes’ walk from millennium bridge

Walking distance to main bus/coach stations/Newcastle University/Gateshead College/Trinity Square shopping centre

Perfectly placed for easy access into Newcastle City Centre

Ease of purchase

Choose your desired unit

Secure this unit with £5000 res fee

Complete and sign reservation form

Exchange contracts in 28 days 50% of purchase price, less reservation fee - £29,997.50

6 Months stage payment - £17,498.75

Remaining balance on completion - £17,498.75

Rental income £155 pw for 50 weeks

Gross rent £7750

Maintenance/service charge £1375

Management/lettings £525

Ground rent £250

Net return £5600 paid quarterly

8% Net return

Nearby transport

  • Manors (0.7 miles)
  • Newcastle (0.8 miles)
  • Dunston (1.8 miles)
  • Newcastle Airport (6.4 miles)
  • Durham Tees Valley Airport (32.1 miles)
  • Leeds Bradford International Airport (75.9 miles)
  • Newcastle International Ferry Terminal (6.3 miles)
  • South Shields Ferry Terminal (6.8 miles)
  • North Shields Ferry Terminal (6.8 miles)

Nearby schools

View all schools in Gateshead
  • St Joseph's Roman Catholic Voluntary Aided Primary School, Gateshead (0.4 miles)
  • Gateshead Jewish Nursery School (0.5 miles)
  • Gateshead Jewish Primary School (0.6 miles)
  • Gosforth Academy (3.6 miles)
  • Monkseaton High School (7.1 miles)
  • Astley Community High School (8.0 miles)
  • The Gateshead Cheder Primary School (0.3 miles)
  • Haskel School (SEN) (0.6 miles)
  • Gateshead Jewish Boarding School (0.7 miles)
Note: Distance is shown as a straight line measurement

Local info for Gateshead

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Harrison Bridger, GU28 on +44 1798 217975 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Harrison Bridger, and do not constitute property particulars. Please contact Harrison Bridger for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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