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See how verdicts work2-bedroom flat · NE33 1JA
For saleListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A unique opportunity to acquire a once in a lifetime proposition being No 56 Long Row at the prestigious South Quays Development on the banks of the River Tyne.
Inspired by the historical Victorian dock houses, this superb top floor apartment on the Eastern side of the development has been improved and stylishly presented by the current owners to provide an unique spacious apartment of around 1095 sqft .
There are bespoke units by nb interiors to the expansive open plan living dining area who also fitted both bedrooms with wardrobes and storage.
The sleek lines of the kitchen have a breakfast bar to the lounge area and integral appliances and there is a quality en suite shower room and a main bathroom with stylish tiling and shower over the bath.
The super wide balcony has double aspect views and composite flooring and outside, two allocated parking bays are in the secure gated car park area.
One not to miss, viewing is a must to appreciate the space and style on offer in this iconic riverside development. Communal Entrance Hall A communal entrance hall via a video entry system.
There are post boxes, stairs and lifts to all floors with recent decor adding character to the communal hall.
Private Entrance Hall A lovely L shape entrance hall with herringbone designed Amtico flooring and quality internal doors.
Living Dining Kitchen An amazing open plan living dining and kitchen room with side window giving a view of the river and superb arched window with French doors to the balcony and electric blinds for privacy.
This superb styled room has a bespoke designed and built storage and display unit by nb, herringbone designed Amtico flooring and ample spot lighting.
Opening into the kitchen area via a large breakfasting unit with induction hob and extractor fan over, the contemporary modern sleek kitchen units have corian style covered work surfaces housing a sink unit, integral fridge and freezer, dishwasher, oven and microwave, concealed recycle bins, led coloured unit lighting and stylish tiled splashbacks.
There is a large double laundry cupboard with plumbing for a washer and the open plan space is heated via anthracite coloured column radiators Balcony A lovely large balcony with new composite decked flooring, double aspect views and a light and sunny aspect for the morning sun.
Bedroom 1 Well thought out with fitted wardrobes and storage by nb.
Permission has been granted for French doors to be fitted, should they be required, giving access to additional outside space, anthracite coloured column radiator En Suite A quality en suite shower room with a double enclosure having both drencher and hair washing shower heads, wash basin and WC, tiled walls and floor, chrome towel radiator Bedroom 2 A good sized second double bedroom fitted by nb with a range of wardrobes and a dresser with storage units, radiator Bathroom The main bathroom comprising a P shape shower bath with mixer shower having both drencher and hair washing shower heads, shower screen, wash basin and WC, two tone tiled walls and floor, spot lights and a chrome towel radiator External Enclosed behind electric gates, there are landscaped and block paved communal areas.
There are two allocated parking spaces for the apartment, an external bin store and service cupboards within the complex.
Note Long leasehold title 999 years from January 2017 with a £5 fixed annual ground rent.
A maintenance charge is payable for the upkeep of all communal areas and includes buildings insurance, window cleaning, general maintenance and flood insurance. Currently £1920 per annum.
Council Tax Band C, Mains services connected, Flood Risk none, Broadband Basic 15 Mbps, Superfast 64 Mbps, Ultrafast 1000 Mbps. Satellite / Fibre TV Availability BT, Sky and Virgin.
Mobile Coverage O2 and Vodafone likely, Three and EE limited.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
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