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Around the region: Newcastle

Feb 7 2009

by Aranda Garrard, The Journal

 

Amazing architecture and lively cosmopolitan feel mean Newcastle city centre has much to offer young couples and singletons. Aranda Garrard finds out more.




WITH its fine Georgian buildings combined with the thriving cosmopolitan atmosphere of its Quayside, Newcastle city centre has much to offer homebuyers.

The city centre lies in the NE1 postcode district and includes part of Elswick, Kenton, Ouseburn, Quayside, South Jesmond and Westgate.

More than half the properties in the area are flats, making it an ideal location for students or young professionals to set up home.

For those after a larger detached property, the city centre isn’t an ideal area because only 1% of its properties are this type.

Newcastle is largely made up of single people – 67.6% of the population. It’s one of the youngest places to live in the country, with an average age of 29.

A high proportion of property in this area is socially rented. Therefore there is a very healthy rental market.

The average price of a two-bedroom property in this area is higher than the national average of £187,894, at £214,398.

The largest source of work in this area is real estate (17.9% of workers) followed by financial intermediation (12.4%). The area has one of the highest proportions of degree-educated people in the country, at 33.6%.

Newcastle offers plenty to see and do, from a visit to its Castle Keep to Leazes Park with its boating lake, Discovery Museum and Life Science Centre.

For shopping, Northumberland Street, the renovated Grainger Town and Eldon Square offer some of the best stores around, while of course for football fans, St James’s Park is home to Newcastle United.

Stunning waterside landmarks include Gateshead Millennium Bridge, the Tyne Bridge, the Baltic Art Gallery and The Sage Gateshead.

 
 

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