Hopper House in Gateshead Residential Buy to Let
Hopper House in Gateshead
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.
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.
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.
Gateshead is the main major area in the Metropolitan borough of Gateshead. The town accounts for some 60% of the borough’s population
Gateshead is known for its architecture and cultural attractions, including the 20m tall Angel of the North. Gateshead’s population is projected to increase to around 211,500 by 2039.The North East Local Enterprise Partnership is bidding to be one of the national testbeds for 5G technology
Gateshead enjoys higher than average superfast broadband availability, at 91%, compared to an average of 89% for England Newcastle/Gateshead attracts around 2 million visitors per year, with 9 out of 10 hotel rooms full every weekend. The Tyne and Wear Metro is the second largest rapid transport system in the UK.
Key Investment Highlights
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 fitted en-suites
Fully fitted kitchens
Fully managed investment
Exceptionally large accommodation Units over 25 sq m
Completion quarter 4 2018
Choose your desired unit.
Secure this unit with £5000 reservation fee
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
Ground rent £250
Net return £5600 paid quarterly 8% Net return
For detailed information on this investment please contact us by filling out the form below or calling us +44 (0)203 432 5474 We can send you:
If you wish to reserve online please request the reservation form.
Please ask us any questions that you may have!