Arc Avenue In Newcastle is set idyllically on the southern banks of the River Tyne looking across Newcastle’s picturesque skyline, Arc Avenue is a refurbishment of a Grade II listed building comprised of 58 high-end one- and two-bedroom apartments just a short walk from Gateshead Metro Station.
Arc Avenue in Newcastle is a former railway boiler shop, offering a standard of living you just don’t get with new build apartments, he contemporary renovation coupled with easy access to Newcastle City Centre make it particularly popular for young professionals looking to rent.
Arc Avenue in Newcastle is expected to reach rental yields of up to 7% due to it being a short walk to anywhere in Newcastle city centre.
Newcastle is one of the UK’s major cities offering a compact and attractive city living experience. It has its own distinctive culture and is home to the unique dialect.
Newcastle remains one of the most affordable buy-to-rent locations in the UK. With average prices 14% lower than Manchester, the city has started to attract an increasing number of buy- to-rent investors looking for greater capital growth and yields than the “go to” regional cities for investment can now offer.
A number of different city improvement projects have been started in and around Newcastle with the aim to drive new business into Newcastle and take advantage of it’s strong industry focus on IT, Digital and Life Sciences.
As investment into the city continues Newcastle residential property prices are on the rise. Consequently, property prices have experienced 78% growth since 2000, underpinned by continued investment into the city and an increased demand for housing.
The demand for rental properties in Newcastle continues to far exceed supply. Currently, the rental demand in the city sits roughly 110% higher than that of rental supply. Which ensures the property demand in both the rental and buyers markets will retain a strong growth rate when compared with more mature competitor markets.
Arc Avenue in Newcastle is ideally placed to easily access Newcastle city centre making it a popular rental location for young professionals working in the city.
Not far from Arc Avenue are new riverside apartments, public sculptures, squares designed for pedestrian usage and a landscaped promenade that leads down to fashionable bars and restaurants centred on the Millennium Bridge, The Millennium Bridge allows for pedestrians to cross the Tyne and get to Gateshead Quays where you can visit BALTIC, the dramatic centre for contemporary art.
Newcastle operates as an international centre for education. The city itself is home to two universities, hosting circa 42,000 higher education students between them. Furthermore, within 1 hours drive of the city, there are a total of five world class universities, which bring the regional student numbers to 100,000.
Over 38% of students choose to remain in Newcastle upon completing their degree. Newcastle’s students play an important role in the future economic and job growth in the region, further attracting major firms and drawing inward investment to the city.
Arc Avenue has all the qualities that combined with its amazing central location will make it one of the most sought after rental properties for young professionals resulting in long term rental yields unequalled in its location!