Jesmond Place, West Jesmond

10Homes welcome to the market this centrally located & recently modernised 1-bed/1-bath apartment located at Jesmond Place, in the popular residential location of West Jesmond.

Jesmond boasts excellent local amenities, including highly regarded schools such as West Jesmond Primary School, rated “Outstanding” by Ofsted. West Jesmond Metro Station is located a short distance to the north of the subject property while neighbourhood retailing is provided on nearby Brentwood Avenue and St Georges Terrace/Acorn Road. In addition a Sainsburys convenience store is located on Lyndhurst Road a short distance to the north.

The area is rich in recreational spaces, with Jesmond Dene offering picturesque walks and outdoor activities. Osborne Road, known for its vibrant café and restaurant scene, is just a short stroll away. The locality also features several supermarkets, boutique shops, and essential services like doctors’ surgeries and dental practices.

Internally, this property features numerous upgrades throughout, including a recently fitted kitchen with sleek white high gloss base and wall units, and a modern bathroom with a tiled bath surround and over-bath shower.

Externally, there is a reserved parking bay, which is always a bonus in a City Centre location!

This property is an ideal choice for those seeking contemporary living in this very desirable location.

Transport Links:
The apartment benefits from excellent transport links. Jesmond Metro Station is a mere 5-minute walk, providing quick access to Newcastle City Centre and beyond. Major road connections, including the A167, are easily accessible, facilitating convenient travel by car. Newcastle International Airport is approximately 15 minutes away by car, offering extensive domestic and international flight options.

Factual Data:
EPC Rating: C
Council Tax Band: C (Approx £2,039PA)
Tenure: Leasehold. 125 Years (Less 10 Days) From 1 January 1992
Internal Floor Space: 559 ft2/ 52 m2 approx

For Investors:
Jesmond is a sought-after area with strong rental demand, particularly from professionals and students due to its proximity to Newcastle University and Newcastle City Centre. The local rental market shows consistent growth, making this apartment a promising investment opportunity. Recent urban development projects in the vicinity are expected to further enhance property values. The rental value for this unit is circa £780PCM.

Tenure:
There are two freehold titles incorporating the external areas and 3 residential blocks, with 30 units in total. There is a head lease with an initial term of 250 years granted to incorporate the leasehold units. The leasehold for each unit within Jesmond Place was set at 125 years. The headleases have been split up into 30 shares, with each unit being allocated 1 equal share of the management company.

Ground rent/service charges:
There is currently a ground rent in place for each unit, however the vendors will waive this for buyers.

Service charge:
The service charge is currently £1647.15PA

Utilities:
There is no gas supply.
The unit is supplied with metered electricity.
Water is not separately metered, rather it is split annually equally between the units and charged to each unit.
The electricity, waste, and fresh water charges for the communal areas are included in the service charge costs.

Block management:
The block management is administered directly by the freeholders, which allows them to keep costs as low as possible.

Searches:
Current searches are available.