2-bedroom flat · NE1 3AB
To rentListed 66 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented 2 bedroom apartment in Hanover Mill is available from early October on a furnished basis. Early viewing is advised to avoid missing out!
Positioned in the converted section of the Hanover Mill development this two bedroom apartment provides period features such as the stunning arch windows with modern interior design.
Hanover Mill is positioned on the Newcastle Quayside and is ideally situated for those tenants wishing to enjoy the city live.
The Newcastle Quayside offers a variety of restaurants and bars and the centre of Newcastle which is within walking distance offers high street and boutique style shops.
The apartment is within walking distance to a Metro station, the nearest being Central Station.
The property briefly comprises entrance hallway with two storage cupboards, open plan lounge and kitchen, two double bedrooms and a bathroom.
Available October | £1200pcm | 4th Floor Apartment | 688 Sq.
ft | Two Double Bedroom | Modern Kitchen | Quayside Location | Secure Parking | Secure Telephone Entry | Council Tax Band D | Furnished | EPC Rating: C | Holding Deposit £275 | Superfast Fibre Broadband Available
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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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 Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1
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