Apartment 404, The Bar, St. James Gate, NEWCASTLE UPON TYNE, Tyne and Wear, NE1 4BA

Description

Leasehold fourth floor flat Location: The property is located on St. James Gate which lies off Scotswood Road. A comprehensive range of shops, cafes and restaurants are available within Newcastle City Centre to the north and Gateshead Town Centre to the south. Public transport links are available at Newcastle Train Station and Central Underground Station to the north east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A186 to the north, A167 to the east and A1 to the south west. Recreational pursuits can be found at Summerhill Park and Nuns Moor Park to the north west. Accommodation: One bedroom, reception room, kitchen, bathroom/wc EPC Rating: B Council Tax Band: B Lease: Held on a lease for a term of 125 years from 1 January 2004 at a ground rent of £TBC per annum. To view: 28/8, 5/9 at 11am No booking required – Please arrive at the time stated

Location

The property is located on St. James Gate which lies off Scotswood Road. A comprehensive range of shops, cafes and restaurants are available within Newcastle City Centre to the north and Gateshead Town Centre to the south. Public transport links are available at Newcastle Train Station and Central Underground Station to the north east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A186 to the north, A167 to the east and A1 to the south west. Recreational pursuits can be found at Summerhill Park and Nuns Moor Park to the north west. Accommodation: One bedroom, reception room, kitchen, bathroom/wc

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆