2-bedroom flat · NE8 2EY
To rentListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
STUNNING DUPLEX PENTHOUSE WITH RIVER VIEWS | AVAILABLE 18TH DECEMBER 2026 | Located in a sought-after riverside development, this impressive duplex penthouse offers spacious accommodation across two floors.
The lower level comprises an entrance hall, two double bedrooms, en-suite shower room and family bathroom. To the upper floor is a superb open-plan living, dining and kitchen area.
Further benefits include multiple balconies with stunning views over the River Tyne, allocated parking and excellent access to Newcastle City Centre and the Quayside. Energy Efficiency Rating C.
Council Tax Band D. Holding Deposit: One weeks rent to reserve, then taken off move in monies. Damage Deposit: Five Weeks.
Entrance Hall Telephone entry system, storage cupboard housing hot water tank. Bedroom One Double glazed windows with balcony, wall mounted electric heater.
Ensuite Shower Room Shower in tiled cubicle, pedestal wash basin, WC, towel rail radiator, ceiling spotlights. Bedroom Two Wall mounted electric heater, double glazed window with balcony.
Bathroom Panel bath, pedestal wash basin, WC, towel rail radiator, ceiling spotlights.
Stairs from hallway leading upstairs to; Open Plan Living/Kitchen/Dining Area Living/Dining Area Double glazed windows with doors leading to balcony, wall mounted electric heater, television aerial and telephone points.
Kitchen Area Range of wall and base units with roll edge worktop surfaces incorporating stainless steel drainer unit with mixer tap, integrated appliances to include; dishwasher, fridge/freezer, microwave and electric oven and hob with stainless steel splashback and extractor above, ceiling spotlights.
Material Information This property is managed by Living Spaces.
Tenure: We have been advised the property is leasehold (Please note the service charge and ground rent are payable by the landlord not tenant). Council Tax: Band D.
Authority; gateshead.gov.uk/article/2641/2023-24-Council-Tax-valuation-bands Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property.
Heating is via electric heating.
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 space for this property.
We have not been advised of any restrictive Covenants at the outset of marketing.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
Area
Agent & docs
FAQ
About Marmion Court, Worsdell Drive, Gateshead, Tyne & Wear, NE8
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