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312 Elswick Road
A modern development with a traditional feel and unique finish offering accommodation to first time buyers and investors alike.
 The development consists of 5 individual apartments, 2 on the ground floor three on the first. Each apartment has its own private entry and secure gated car parking space accessed by sensor key fob or electronic touchpad, with views that stretch as far as the Gateshead and Tyne Valley.
 All apartments will be fully carpeted , kitchens are fully integrated and fitted to a high standard.
Certification of build comes from MBIAT and will accompany the subsequent purchase of every unit.
Elswick Road is situated in Grainger Park 0.5 miles from Newcastle city centre giving access to Central Station in under 5 minutes and the city centre amenities and businesses.
 Within the local area, Grainger Park is Served by the General Hospital, Westgate Community College and Sports Centre, Newcastle College, the Marie Currie Centre and numerous other institutions beneficial to the investor looking for tenants.
Plans for the West End of the City
 An ambitious and progressive regeneration project in the heart of Newcastle West End is being led jointly by the City Council and HMR Pathfinder, to develop an exciting action Plan to boost market renewal, offering choice and sustainability.
The vision includes the construction of an International Housing EXPO alongside a new ‘City Academy’ creating a centre of excellence for living and learning. This will be complimented by a programme of intervention in mixed tenure housing and high quality social, economic and environmental infrastructure served by modern public transport.
World class architecture, 'green' design, new technology and a high quality public realm will define the west end of Newcastle as a special place in the City.
| Apt Num |
SqFt |
% Return |
LTV
Price |
Market Value |
Price |
Profit |
| 1 |
540.4 |
6.4 |
£72,000 |
£100,000 |
£90,000 |
£10,000 |
| 2 |
635.1 |
6.4 |
£72,000 |
£105,000 |
£90,000 |
£15,000 |
| 3 |
575 |
6.4 |
£72,000 |
£100,000 |
£90,000 |
£10,000 |
| 4 |
599.6 |
6.4 |
£72,000 |
£102,500 |
£90,000 |
£12,500 |
| 5 |
566.2 |
6.4 |
£72,000 |
£100,000 |
£90,000 |
£10,000 |
| Total |
N/A |
N/A |
£360,000 |
£507,500 |
£450,000 |
£57,500 |
Build Time
The Foundations to the development are being laid and the scheduled completion is 8 months from January 2005.
Rental
The market for these properties will lie with proffessionals looking for quality functional apartments within close proximity to the city centre.
Current market indicators show a rent of £475-525pcm should be expected.
Council
Newcastle City Council pathfinder project for the north of England runs through Elswick and will provide £74 million pounds in regeneration grants and social housing improvements which will lift the area further.
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