Newcastle is a great city. Up there in the North East, Newcastle-Upon-Tyne is not to be confused with its Staffordshire cousin, Newcastle-Under-Lyme; for most people, a quick visit to both is enough to reassure you of the vast differences.
Famed for its fabulous bridge and accompanying song, Newcastle is a little city with a lot to give. It’s already given us Jimmy Nail, Dire Straits and Catherine Cookson – what more could you ask for?
Well, it’s got the architecturally inspiring Baltic Art Gallery, the Angel of the North, the Theatre Royal, a glorious quay-side, fab shopping, more pubs and restaurants than you could shake a stick at, and is the birthplace of sausage roll establishment, Greggs. Yes, really.
Gazza, Rowan Atkinson, many footballers, Newcastle Brown Ale, the whisper bar, lucozade, and Ant and Dec. This city is the birthplace of all sorts of successful exports.
In all seriousness, it’s been voted as one of the best places to live in the country for families, and ranks at number three in a recent survey of buy to let yield. Given its position away from the hubbub of the North West, Birmingham, and London, Newcastle could be a really smart investment opportunity.
Jesmond is serious student land. It should be noted that it does still have a fairly healthy civilian population trying to live alongside those of an academic persuasion, but the area has long been over-run with hoards of youngsters and multiple occupancy houses. Well connected by public transport and within walking distance to the centre, if you’re looking to buy a student property, Jesmond is the place to go for. Jesmond is also one of Newcastle’s more expensive areas to live so getting a good return on your investment should be seen as a long game not a quick turn around.
Heaton is an area on the up and up. It’s got good schools and varied and affordable housing stock that attracts young professionals and young families. Heaton is a little further out from the city centre than Jesmond but it has a metro stop and is also well connected by bus too. It’s well served by quirky cafés and a good range of independent shops as well as the main supermarkets. Heaton is a good bet if you’re looking to rent to families.
Kenton is an area of Newcastle much lower down on the economic scale. If you’re looking for cheap ex-council property or properties, Kenton is well worth a look. The area has a higher than average proportion of renters and is popular with all generations form the very young to the very old. Kenton is ideal if you’re looking to invest in a cheap property and are looking for a solid rental yield.
Newcastle is a great city with a history of innovation. It’s also home to a friendly population of Geordies, and is well situated for stunning countryside too. As ever, make sure you do your research before signing on the dotted line.