We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · NE6 1BZ
Sold STCListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** WATERSIDE TOWNHOUSE WITH ACCESS TO THE CITY!! THREE BEDROOMS, FURNISHED AND PARKING!!
** Perfectly situated on Newcastle's Quayside this home offers large open plan living space with balcony, three bedrooms, ensuite and family bathroom. Council Tax Band D. EPC Rating TBC.
Entrance Open Plan Living Area Kitchen Area Bathroom Bedroom One Ensuite Shower Room Bedroom Two Bedroom Three Leasehold Information We have been advised the property is leasehold with a lease of 250 years from December 2006.
The service charge for 2026 is £2994.82 pa with a ground rent of £200 pa. The ground rent doubles every 25 years with the next increase due 2031/2032.
Material Information The block is managed by Kingston. Council Tax: Band D. 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. 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 parking available accessed by fob, any available bay.
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 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
Agent & docs
FAQ
About Ouseburn Wharf, St Lawrence Road, Newcastle upon Tyne, NE6
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