1-bedroom flat · NE1 3NH
Listing removedListed 266 days
Opportunity summary
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About
** QUAYSIDE APARTMENT WITH BALCONY AND PARKING ** Providing a fantastic investment opportunity, tenanted until June 2026 at £925 PCM.
This one bedroom property is situated in the ever popular Quayside Lofts building with benefits to include; Block caretaker, open plan living balcony and allocated parking. Energy Efficiency Rating C.
Council Tax Band C. Entrance Hall Storage cupboard housing hot water tank.
Living/Dining Area Double glazed door to balcony, wall mounted electric heater, sliding door to bedroom, open through to; Kitchen Area Range of wall and base units with Granite worktop surfaces incorporating circular sink unit, integrated oven and hob, fridge/freezer.
Bedroom Double glazed window, sliding door to living area, wall mounted electric heater. Bathroom Panel bath with shower over, wash hand basin, WC, tiled walls and flooring, extractor.
Leasehold Information The property is leasehold, managed by Block Living. The lease length is 125 years from 01/01/2005. Annual service charge of approximately £2940.00.
Ground rent is charged at £250 pa and is increased every 10 years (due 2025), increases in line with the retail price index. Please note we have not inspected the head lease.
Material Information The managing agents have provided a letter confirming confirmation of funding and remediation work for Quayside Lofts (to include 8 Clavering Place building).
Remediation works to rectify identified issues will be funded by the Cladding Safety Scheme.
The fire alarm system has been upgraded as per the requirements of a fire saftety specialist and local fire authority. We can provide further information on the scope of remedials works on request.
Council Tax: Band C. 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 heaters.
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: This property comes with an allocated parking space accessed via fob entry.
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
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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
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FAQ
About Quayside Lofts, 8 Clavering Place, Newcastle Upon Tyne, Tyne and Wear, NE1
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