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See how verdicts work1-bedroom flat · NE66 1LE
For saleReduced £7k (−6.9%) on 23 OctListed 175 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Immaculately presented and ready to move straight into, this superb second-floor apartment enjoys a prime position in the heart of Alnwick town centre.
Offering both comfort and convenience, the property is ideally suited to first-time buyers, downsizers, or investors seeking a strong buy-to-let opportunity.
Accessed via a well-maintained communal entrance with lift service to all floors, the apartment benefits from a private allocated parking space—an increasingly rare feature in such a central location.
The accommodation is thoughtfully arranged with a bright, west-facing open-plan living area, allowing for an abundance of natural light throughout the afternoon and evening.
A Juliet balcony adds an airy, contemporary touch, perfectly complementing the living space which flows seamlessly into the modern kitchen.
The kitchen is fitted with a range of integrated appliances, while a separate utility cupboard provides plumbing for a washing machine and houses the gas central heating boiler.
The bedroom is generously proportioned and features an entire wall of fitted wardrobes, offering excellent storage with a combination of hanging rails and shelving.
The stylish shower room is finished with a large double shower cubicle, mains-powered shower, and sleek wet-wall panelling for a clean, modern look.
Additional benefits include gas central heating via radiators, ensuring year-round comfort, and the significant advantage of no onward chain, making for a smooth and straightforward purchase.
A fantastic opportunity to acquire a low-maintenance, high-quality apartment in a sought-after location.
Entrance hall Telephone entry intercom, radiator, doors to; utility cupboard, bathroom, bedroom, open plan living space Utility cupboard 5’4 x 4’ (1.62m x 1.22m) Plumbing for washing machine, gas central heating boiler, fitted shelves, electric fuse box Bathroom 6’5 x 7’6 (1.96m x 2.29m) Double shower cubicle with wet-wall panels, sliding glass doors, grab rails, and mains shower.
Wall mounted wash-hand basin, WC with concealed cistern, chrome ladder style radiator, tiled walls, fitted cupboard with shelves, extractor, laminate floor Open plan living space 22’8 x 12’6 (6.91m x 3.81m) to widest point Living area – composite double glazed French doors with a Juliet balcony, radiator.
Kitchen area – fitted white wall and base units with tiled splash-backs, incorporating; integrated gas hob with extractor hood, electric oven, integrated fridge freezer, integrated dishwasher, single stainless-steel sink.
Bedroom 8’4 x 13’9 (2.54m x 4.19m) Double glazed sash window, fitted wardrobes with shelves and drawers, radiator, TV aerial point. Externally Allocated parking space.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: FTTP Mobile Signal Coverage Blackspot: No Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any.
Restrictions and rights The property cannot be used as a holiday-let rental Accessibility This property has accessibility adaptations: • Wide Doorways • Lift access Tenure Leasehold.
It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 150 years from 30th August 2011 Ground Rent: £100 per annum. Service Charge: £1514.78 per annum to be reviewed in April 2027 council tax band: A EPC rating: B
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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.
Area
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FAQ
About 26, Towergate, Alnwick
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