116 Units
One and Two Bedroom Apartments

Prices From
£197.000

Up to 10%
Net Yield

Faster than the National Average
Population Growth

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Waterfront Development with Stunning Views

Ellison Waters is a perfectly-situated residential property in a very desirable part of Newcastle. For residents, its principal attractions will include its quiet waterfront location, easy access to the city centre, strong transport links and excellent modern build quality.

For investors, the development is equally attractive. As part of a city that is exhibiting rapid growth in its economy, its jobs market and its population, it
is ideally positioned to meet fast-rising demand for elegant, high-quality accommodation.

As a result, Ellison Waters holds considerable potential for strong capital gains and, with few direct competitors, it should support steadily rising rental values for many years to come. Moreover, affordable prices and fierce rental demand should help to ensure that investors can enjoy yields of around 8%

Investments Facts

  • 5-star hotel standard onsite facilities

  • 74 one-bedroom apartments

  • 42 two-bedroom apartments

  • 999-year leasehold

  • Expert developer with a proven track record

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The Appartments

Unit Breakdown

  • Price Range: £197.000 – £291,000

  • Parking: £10,000 per space

  • Short term lets approved

For Property Investors

  • £5,000 Reservation Fee

  • 20% at Exchange (minus reservation fee)

  • Remainder upon Completion

  • Service Charge: £2 per sq.ft.

The Developer

Ellison Waters is the work of Virtu Homes, a British developer that is committed to innovation and quality in the private home sector.

Virtu Homes has an excellent track record of successful delivery. It has completed more than 200 units to date, and its various projects have a collective gross development value of more than £100 million.

Virtu Homes developments include new-build and refurbishment schemes, but all of the company’s projects share certain common features.

Location

William Armstrong Drive runs for approximately 1km along the northern bank of the River Tyne, just a few minutes to the west of Newcastle’s Central Station.

The area has a contemporary feel. The road itself is open, tree-lined and flanked on its northern side by modern office developments. Immediately to the south is the leafy riverbank and an attractive cycleway, which is well maintained and affords easy access to the city centre.

Despite this proximity, William Armstrong Drive promises a quiet respite from the noise
and crowds that are often associated with the city’s nightlife. Essentially a business district, the neighbourhood feels relaxed and civilised, far removed from pubs, clubs and the clamour of the urban centre. Conversely, however, it also makes an excellent base for commuters with jobs in the city, and those who simply want ready access to its many amenities. Newcastle’s principal shopping district lies less than 2.5km away and is easily reached on foot, by bicycle or by bus.

Local Transport

On many occasions, residents of Ellison Waters will have no need for cars or public transport. Countless essential facilities and leisure amenities are within comfortable walking distance, as too are local nurseries and schools. The city centre is accessible on foot, using the riverside pathway, which also doubles as a flat and easy cycleway. However, for those who need them, transport connections in the area are excellent.

Driving Distances

  • Redheugh Bridge: 2.0km

  • Central Station: 2.4km

  • A167 (M): 3.1km

  • A1: 2.9km

  • City Centre: 3.2km

Motorists

William Armstrong Drive runs parallel to the river. It connects at either end with the A695, a main arterial road that runs east towards the city centre and Redheugh Bridge, which crosses the river into Gateshead. A little to the west, the same highway connects with the A1 – ‘the Great North Road’ – which stretches the 660km between London and Edinburgh.

Bus Service

Services 12 and 22 run along William Armstrong Drive. They run west to Throckley and Winlaton, and east to Newcastle Eldon Square, Cobalt and Howdon. The city centre is home to three bus stations: Eldon Square, Haymarket, and Newcastle Coach Station. From here, services run to most local and subregional destinations.

Rail Service

Newcastle Railway Station is located roughly 2.2km to the east of the property and is readily accessible by bus. It is used by operators including TransPennine, CrossCountry, LNER and Northern. Services run to major destinations including, amongst others, Aberdeen, Edinburgh, Carlisle, Liverpool, Middlesbrough and London Kings Cross. The station also supports services to more local destinations such as Hexham, Morpeth and Whitby.