HOPPER HOUSE GATESHEAD - £69,995 - Live Let Buy
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
HOPPER HOUSE
G AT E S H E A D
Premium investment opportunity
3 years rental assurance 8%
PURC
A ST HAS
UDIO E
£69, FOR
995
Phone: +44 (0) 207-078-3929
Email: info@liveletbuy.com
Website: liveletbuy.com
UNLOCK
SETTING THE STANDARD IN LUXURY LIVING EXCLUSIVE O
FF
DUE DILIGENCE MARKET STO
CK
IN HIGH DE
MAND
G R OW T H A R
EAS.
Providing private investors with opportunities OUR COMMITMENT TO YOU
in high demand growth areas. Asset Backed Investment
Feel confident in your investments with clear
Before we bring a development to the market, our project registered legal title facilitated through a UK solicitor.
management team undertake extensive due diligence to
Strong Sustainable Demand
ensure every project meets with the four major commitments We undertake extensive market research to ensure our
projects are located in high demand growth areas.
we make to our investors. We offer a holistic approach to
investment services allowing our clients to entrust the day- Off Market Developments
Specialising in off-market property and working with some of the
to-day running of their portfolio to our management team or largest developers and exclusive property portfolios in the UK.
alternatively take control of their portfolio whilst benefiting
Hands-Free Management
from our advice and experience. End-to-end investment management services allowing you to
leave the day-to-day running of your portfolio to our team.
HOPPER HOUSE, GATESHEAD
THE OPPORTUNITY
Purchase a studio for £69,995 Many onsite facilities include:
- Reception
Units with accessible terrace/balconies
- Communal rooms
available
- Vending machines
Unlimited exit strategies - Communal lounge
- Gymnasium
250 Year leasehold
- Wifi
3 Year rental assurance paid quarterly - Sauna
- Bike stores
Rent to whole of the market
Successful & proven developer
Fully self-contained studios
Long standing & successful management
Fully furnished
company
Fully fitted en-suites
Excellent location - 10 minutes’ walk from
Fully fitted kitchens millennium bridge
Fully managed investment Walking distance to main bus/coach
stations/Newcastle University/Gateshead
Exceptionally large accommodation
College/Trinity Square shopping centre
Units over 25 sq m
Perfectly placed for easy access into
Completion quarter 4 2018 Newcastle City Centre
HOPPER HOUSE, GATESHEAD EASE OF PURCHASE
PROJECT DETAILS
Choose your desired unit
Hopper House will see the creation of 81 stylish apartments in an outstanding central Gateshead Secure this unit with £5000 res fee
location. The development has been designed with students and young, professional urban tenants in
Complete and sign reservation form
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 Exchange contracts in 28 days
much as their tasteful interiors. 50% of purchase price,
less reservation fee - £29,997.50
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, 6 Months stage payment - £17,498.75
electricity, internet and so forth is included in their rent.
Remaining balance on completion -
All apartments come fully furnished to an extremely high standard, with quality fixtures and fittings. Laundry £17,498.75
rooms within the building reduce the need for washing machines in individual homes, thus maximising
Rental income £155 pw for 50 weeks
space for tenants while removing a maintenance headache for investors. This thoughtful approach to design
has been applied across the development. Gross rent £7750
Maintenance/service charge £1375
Management/lettings £525
Ground rent £250
Net return £5600 paid quarterly
8% Net return
GATESHEAD ON LOCATION The town of Gateshead enjoys a superb location in Tyne and Wear. Not only a bustling town in its own right, it also sits directly across the river from Newcastle, meaning that Gateshead residents get to enjoy the best of town life right on the doorstep of one of the UK’s most exciting cities. Hopper House residents, for example, are within walking distance of the town centre, where they can enjoy easy access to plentiful shops, supermarkets, banks and leisure facilities, including a nearby Vue Cinema. Students living at Hopper House can reach Gateshead College’s Baltic Campus on foot in just 10 minutes, while Newcastle University is merely a brisk half hour walk away (or a 9 minute drive). Gateshead is home to some 200,000 people, with a town economy valued at £4.18 billion. The town is building quite the reputation for its innovative business culture and young, talented workers. In recent months, this has seen robot manufacturer Comau UK move in, branding agency Blue Kangaroo (the bods behind Peppa Pig and Doctor Who) expand its Gateshead base, and manufacturing plant NOV Mission Products transform into a ‘best in class’ producer for the energy industry. Meanwhile, Northern Gas and Power announced plans to create up to 500 jobs in Gateshead earlier this year, while the Gateshead Economic Growth Acceleration Plan is supporting the creation of 4,000 jobs between 2015 and 2020. Local employment opportunities abound, schools are good and real estate is affordable. It’s no wonder Gateshead enjoys the joint highest life satisfaction rating (along with Sunderland) in Tyne and Wear. Gateshead’s housing market offers excellent value for money. With an average property price of £129,568, compared to an average of £243,935 for England as a whole, those investing in the town have a fantastically affordable entry point into the market.
Newcastle
Northumbria
B1
University
60
University
HOPPER HOUSE, GATESHEAD
0
CONNECTIVITY Newcastle
St Marys
The Vue Cinema 2 Mins walk 0.1 Miles Heritage A193
Trinity Square 2 Mins walk 0.1 Miles Centre
Interchange Bus Terminal 2 Mins walk 1.0 Miles
Tesco Extra 4 Mins walk 0.2 Miles A18
6 Hilton Mossley Street
Nightlife/Bars/Restaurants
Mecca Bingo 5 Mins walk 0.3 Miles Hotel
B1314
Costa Coffee 6 Mins walk 0.3 Miles A186
St Marys Heritage Centre 9 Mins walk 0.5 Miles Gateshead Baltic Centre for
Gateshead College 9 Mins walk 0.4 Miles Millenium Bridge
Newcastle contemporary Art
d
Hilton Hotel 10 Mins walk 0.5 Miles E ls w ic k R Walk
er
Gateshead Quays 11 Mins walk 0.6 Miles Central Station Sa
ltm
Rd
oulevard
Gateshead Millenium Bridge 12 Mins walk 0.6 Miles Tyne ea
do
ws
Baltic Centre for Contemporary Art 12 Mins walk 0.6 Miles Bridge Gateshead Rd
College
St James B
Asda Supermarket 18 Mins walk 1.0 Miles
Gateshead International Stadium 19 Mins walk 0.9 Miles Mecca Bingo
5 Riv
Nothumbria University 7 Mins drive 1.4 Miles A69 Trinity Square er
Ty
Tyn
n e
Intu Metro Centre 8 Mins train ride 4.7 Miles D e ma
A in R
RO
Newcastle Library 17 Mins metro 1.4 Miles d
Newcastle University 16 Mins metro 2.3 Miles W A184
E 4
SK A 18
Queen Elizabeth Hospital 12 Mins bus ride 2.5 Miles A d
River Tyne
R
s ham
Newcastle Central Station 16 Mins bus ride 0.3 Miles Ben
A167
Interchange Bus
Angel of the North 29 Mins bus ride 4.5 Miles
terminal
B1
42
B12
6
46
Gateshead A1
84
4 HOPPER HOUSE
18 HOPPER STREET, GATESHEAD NE8 3JJ
A
Intu Metro centre A1 14
1
includes Apple store, Odeon Cinema, A1 Split C
row Rd
Mark
Ol
Pandora, Primark, Topshop, Ask Italian, et La
ne
dD
Nandos, Pizza Hut, Weatherspoons
26
urh
4
B1
am
Rd
Sa
Angel of Queen Elizabeth
e
ltw
A167
Lan
ell
the North Hospital
ell
Rd
ldw
Co
Wick
ha m Hi
ghwa
A1
y
HOPPER HOUSE, GATESHEAD
SPECIFICATION
KITCHEN
Integrated fridge with freezer compartment, hob & oven
High gloss veneered wall and base units with integrated handles
Veneered worktops
Stainless steel single bowl sink with drain board & chrome tap
Glass or perspex splashback
Integrated extractor, extract ventilation to comply with building
regulation requirements
Non-slip vinyl flooring tiles
Crockery - dinner plates, side plates & bowls
Cutlery - knifes, forks, spoons & teaspoons
HEATING
Compact convector panel radiators
Heated towel rail to en-suite in chrome
Wired thermostatic heating control
DOORS
Internal flush veneered doors
5 Lever lock and door viewer on each studio front door
Electrical fittings in white The specification list should be treated as a guide and indication as to the design choices and level of quality that can be expected in the completed apartments.
Information has been provided in good faith, however does not form part of the contract, and there can be variation in the specification list of the completed
apartments due to supplier availability at the time of construction.
HOPPER HOUSE, GATESHEAD
SPECIFICATION
BATHROOM
Contemporary white suite with chrome fitting
Ceiling down lighting and heated radiator
Ceramic splash back to sink and shower area
Linoleum flooring
Back to wall wc set into vanity top
Semi recessed wash basin with chrome mixer tap set
into vanity top
Shower tray with screen enclosure
Wall fixed shower head and valve
Bath & hand towels
DECORATION
Walls and ceilings are to receive one mist coat and
two full coats of trade matt emulsion
All internal timber is to receive one coat primer, two
coats undercoat and one final coat of matt paint
All painting materials will be approved from a
manufacturer
The specification list should be treated as a guide and indication as to the design choices and level of quality that can be expected in the completed apartments.
Information has been provided in good faith, however does not form part of the contract, and there can be variation in the specification list of the completed
apartments due to supplier availability at the time of construction.
HOPPER HOUSE, GATESHEAD
SPECIFICATION
BEDROOMS
Carpets to be adhesive tack applied. Acoustic rated
underlay where required
Double bed and mattress with 2 pillows and 2 pillow
cases. Fitted sheet, flat sheet and duvet
Fitted veneered wardrobe
Study desk and chair
2 x bookshelves
Tub chair & coffee table
Dining table & 2 x chairs
Wall mounted tv and bracket
Roller blinds
COMMUNAL AREAS
Communal areas include:
- Reception - Laundry - Wifi
- Wc - Plant - Cctv
- Staff room - Cleaning store - Fob entry system
- Cycle store - Gym - Post boxes
- Bin store - Sauna
The specification list should be treated as a guide and indication as to the design choices and level of quality that can be expected in the completed apartments.
Information has been provided in good faith, however does not form part of the contract, and there can be variation in the specification list of the completed
apartments due to supplier availability at the time of construction.
Gateshead, located in Tyne and Wear, England, is a bustling town
that is home to around 200,000 people, with 1.4 million people
INVESTMENT CASE of working age within a 10-mile radius
“Gateshead is competing on a global scale for investment. Gateshead’s long-term success will continue to FAST FACTS
depend upon remaining an attractive location for international, national and indigenous investment and
Gateshead is the main major area in the Metropolitan borough of Gateshead.
maintaining a skilled and adaptable workforce.” Gateshead Economic Growth Acceleration Plan 2014-18
The town accounts for some 60% of the borough’s population
Gateshead is known for its architecture and cultural attractions, including the
Cultural-led regeneration and infrastructure, which
£21,566
£
20m tall Angel of the North
will deliver long term economic dividends, at the
Gross Value Added (GVA) heart of Gateshead’s regeneration plans Gateshead’s population is projected to increase to around 211,500 by 2039
per head 2015 (Tyneside) The North East Local Enterprise Partnership is bidding to be one of the national
testbeds for 5G technology
The Gateshead Economic Growth Acceleration
Plan is supporting the creation of 4,000 jobs from Gateshead enjoys higher than average superfast broadband availability, at
2015-2020 91%, compared to an average of 89% for England
Newcastle/Gateshead attracts around 2 million visitors per year, with 9 out
121 Business births per 100
business deaths
£54m
Gateshead Council’s 2015-16 investment programme
included nearly £54 million of investment
of 10 hotel rooms full every weekend
The Tyne and Wear Metro is the second largest rapid transport system
investment in the UK
73.1% Employment rate That included £18m in housing and £9 million in Gateshead has a bustling economy backed up by academic knowledge
and technical expertise. As part of the Newcastle/Gateshead area, the
carbon management and sustainability projects
town is known for its prowess in tech and innovation, medical sciences
and sustainability, and offshore and marine businesses. It also has a
£4.18 Value of Gateshead economy Gateshead boasts a higher economically active rate growing reputation for academic excellence.
billion
than the North East, at 77.3% versus 75.2%“It’s essential we continue to invest in the future of Gateshead. We’re committing
over £90m to encourage economic and housing growth which will bring about
new jobs, new homes and increase the skills of local people.”
INVESTMENT CASE Leader of Gateshead Council, Martin Gannon, speaking about the council’s 2017/18 budget.
PROJECTED GROWTH
211,500 Gateshead’s population
is projected to increase
£205m allocated for Planned Gateshead Quays Gateshead has a 91% Gateshead is home to around 211,500 by
capital spending plans Urban Garden set to attract over one-year survival rate for to Europe’s first 2039, from a current
from 2017-2022, 200,000 visitors per year, with new businesses, with a 35% industry-led immersive size of 201,592.
including: 100 people working at the site five-year survival rate technology cluster and
PROTO: The emerging
- £90m to boost economic technology centre
and housing growth 2017 2017 2018 2019 2020 2021 2022 2023 2024 2039
- £11m for housing
development schemes Plans for the town mean that more than 9,000 new jobs will be created by 2030
- £5m to grow the digital UK city centres have experienced an increase in demand for housing since the millennium
technology sector Economic growth in 2018 Great Exhibition of
£200m regional arena and conference and exhibition centre planned for Gateshead Quays
Gateshead from 2010- the North will celebrate
- £7m for energy
infrastructure
2014 was the second creativity, culture and design 50,000 students are specializing locally in STEM subjects, providing a promising future for
fastest rate in the North
improvements Gateshead’s advanced manufacturing industry
Gateshead is enjoying the fastest growth of business services outside London
The town has the fastest ICT sector output across the North East, positioning it well for future
business growth
The Gateshead area has the lowest staff attrition rates in the UK – another excellent basis for
future growthINVESTMENT CASE
SALES MARKET RENTAL MARKET
Gateshead was home to 1,132 housing transactions between July and
December 2016. According to Zoopla, house values there have risen by
17.66% over the past five years.
£121,677 4.7% £641
Gateshead has a
6.6%
Average buy-to-let yields in Gateshead was flagged as one Gateshead was found
The current average Gateshead, like many “With a huge choice of housing current average Gateshead are 6.6%. of the ten best buy-to-let locations to be the second
asking price for a home places in the UK, has on offer, from executive asking rent of £641, in the UK in summer 2017 when highest area of the UK
in Gateshead stands at lower house prices than apartments to family housing, according to Zoopla. calculated based on house prices, for rental yields as at
£121,677. in 2007 – prices were Gateshead is continuing to build local salaries and rental returns. summer 2017.
4.7% below 2007 values for the future.” Invest Gateshead
at the time of writing.
HOUSING TRANSACTIONS BETWEEN JULY AND DECEMBER 2016 AVERAGE RENTAL VALUES IN GATESHEAD
£244,629 £182 per sq ft. £2000 £1982
3.4 average bedrooms
£250,000 £226,117
Average paid in last 12m £1750
£225,000
£ Price per calendar month
£1500 £1327
£200,000
£1250 £1165
Average current value
£150,631 £159 per sq ft.
£175,000 2.9 average bedrooms
£135,516 143 per sq ft.
£147,127 £1000
Average paid in last 12m 3.0 average bedrooms
£150,000 £135,744
Average paid in last 12m £135,516 143 per sq ft. £743
£750 £649
3.0 average bedrooms £627
£125,000 £135,744
Average paid in last 12m
£500 £465
£100,000 £377
£250
£75,000
Detached Semi-Detached Terraced Flat £0
1 Bedroom 2 Bedroom 3 Bedroom 4 bedroomPROPOSED FLOORPLAN 2ND-5TH FLOOR Accessible Studio Apartment Studio Apartments
PROPERTY MANAGEMENT KEY BENEFITS
SPECIALISTS
Interactive 360 tours so
Easiliving has been in the industry more than 15 years and we have a solid reputation within the city as the students can view remotely and
leading property management specialist. We have provided consultancy and sourced investment opportunities for narrow their property choice
hundreds of investors. We work with the National Landlords Association, The Guild of Lettings and our property
management staff are ARLA qualified.
Tenancies & references
secured and signed through
Adam, the founding partner of the business won a lifetime achievement award for his contribution to Student
the Goodlord platform.
Housing at the 2014 Student Housing Awards – a testament to his knowledge and reputation within the city!
We list on the market leading portals Rightmove and Zoopla to ensure the widest exposure. We promote properties We will be listing on the
through our social media, across multiple digital channels, on campus and across the leading local publications. socially interactive Bubble
Student App created by
Nadia Dryden
Newcastle Uni graduates!
Marketing Manager
t. 0191 6910377
e. nadia@Easilivinguk.co.uk All our inventories are created
digitally and signed through
the ISURVEY APP.
Fixflo App allowing our tenants
to report maintenance issues
24hrs a dayAbout us
Live Let Buy’ is primarily focused on city centre apartments in key areas of growth. We’re passionate about helping young
professionals and entrepreneurs find property within collaborative environments which are great to live and work.
We aim to make the buying process as fun and easy as possible by using humour technology and the latest forms of media
to interact with our clients.
Whether you are a first time buyer just getting on the property ladder or a savvy investor keen to profit from a burgeoning
buy to let market we are careful to fully understand your needs before matching you with your ideal property.
Our finger is firmly on the pulse of the constantly shifting UK property market and our dynamic research strategies make
us a reliable source for clear facts about up-and-coming locations and impartial information about the latest projects.
Contact us
Phone: +44 (0) 207-078-3929
Email: info@liveletbuy.com
Website: liveletbuy.com
Address
81-83 Fulham High Street
London, England, SW6 3JA
Registered in England and Wales with Company No.10188309You can also read
