1-bedroom flat · NE4 5BT
For saleListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment Opportunity Modern apartment available for sale, with the current tenant in place.
The property is located on the twelfth floor of Hadrian Tower, situated in Newcastle city centre, and has impressive views over the town centre.
We have been advised that the tenant is currently paying £1,500pcm, though we have not had sight of the tenancy agreement.
The accommodation briefly comprises of communal entrance with lift to the subject flat, open plan lounge/kitchen, bedroom and bathroom. Externally there is a bin store, bike storage and courtyard.
There is also a resident's lounge, and concierge.
The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access the local road network. Early viewing is recommended.
Council Tax Band: D EPC Rating: B Agents note Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Electric Broadband: Adsl Mobile Signal Coverage Blackspot: No Parking: On Street Parking 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 Listed? No Conservation Area? No Restrictions on property?
No Easements, servitudes or wayleaves? No Public rights of way through the property?
No Risks Flooding in last 5 years: No Risk of Flooding: Zone 1 Any flood defences at the property: No Coastal Erosion Risk: Low Known safety risks at property (asbestos etc…): No Building works Any known planning permissions or proposals in the immediate locality: No Outstanding building works at the property: No Accessibility This property has no accessibility adaptations.
Tenure 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: 250 years from and including 1 January 2019 Ground Rent & Service Charge - To be Confirmed Communal Entrance Lift to subject flat.
Subject Flat Open Plan Lounge/Kitchen (29' 10'' x 13' 8'' (9.09m x 4.16m)) Lounge Area Double glazed window to the rear. Storage cupboard. Electric heater.
Kitchen Area Integrated appliances including microwave, dishwasher, electric oven and washing machine. Electric hob. Bedroom (12' 2'' x 12' 5'' (3.71m x 3.78m)) Double glazed window to the rear.
Fitted wardrobe. Electric heater. Bathroom (7' 6'' x 5' 6'' (2.28m x 1.68m)) Panelled bath with shower over. Wash hand basin. Low level WC. Heated towel rail. External Bike storage. Courtyard.
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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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
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FAQ
About 1204 Hadrians Tower, Rutherford Street, Newcastle Upon Tyne
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