2-bedroom flat · NE1 4XD
For saleListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CHAIN FREE | TWO BEDROOM TOP FLOOR APARTMENT WITH BALCONY & GATED PARKING | Situated within the highly desirable Jacobins Chare development in the heart of Newcastle city centre, this well-presented two-bedroom top floor apartment offers an excellent opportunity for first-time buyers, professionals or investors.
The property is ideally located within walking distance of a wide range of amenities including shops, restaurants, transport links and key city attractions.
The accommodation briefly comprises: a welcoming entrance hall, two well-proportioned bedrooms, a bright living/dining room, and a modern fitted kitchen and bathroom.
The property also benefits from two walk-on balconies, providing an ideal outdoor space. Externally, there is the added benefit of allocated gated parking. Energy Efficiency Rating: D.
Council Tax Band: C. Entrance Hall Wall mounted electric heater.
Living/Dining Area Wall mounted electric heater, two double glazed windows, sliding double glazed doors leading to walk on balcony, telephone entry system, leading through to; Kitchen Range of wall and base high gloss units with work surfaces incorporating; stainless steel sink unit with mixer tap, electric oven and hob with stainless steel extractor fan above, space for fridge freezer and washing machine, tiled splashback, spotlights and under counter lighting.
Bedroom One Wall mounted electric heater, sliding double glazed doors leading to walk on balcony. Bedroom Two Two double glazed windows.
Bathroom Panel bath with glass shower screen and rainfall shower above, WC, wash basin in vanity unit, towel rail radiator, ceiling spotlights, extractor fan and storage cupboard housing hot water cylinder.
Leasehold Information We have been advised the property is leasehold. The lease is 125 years, with approximately 88 years remaining.
There is a peppercorn ground rent and an approximate service charge of £1820 pa (2026). Material Information The block is managed by Kingston. Council Tax: Band C. Authority; Council Tax: Band C.
Authority; Newcastle City Council.
For current rates please visit: new.newcastle.gov.uk/council-tax/council-tax-explained/council-tax-bands Utilities: Mains sewerage, water and electricity are connected.
Please note there is no gas supply to the property.
Broadband: Follow the link to check broadband providers and speeds; Broadbandcheck.co.uk Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Signalchecker.co.uk Parking: There is an allocated parking bay for this apartment within a gated car park.
You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing.
Please note the lease can be made available upon request.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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About Jacobins Chare, Newcastle Upon Tyne, Tyne And Wear, NE1
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