2-bedroom flat · NE1 2PD
For saleReduced £5k (−2.8%) on 1 JulListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Two Bedroom Apartment**Dedicated Gated Parking**Walk-Out Balcony** Constructed early in the millennium by George Wimpey, High Quay occupies an impressive elevated southerly aspect overlooking The River Tyne.
The location is notable, just moments from The Ouseburn’s restaurants, bars, and amenities, and close to Newcastle Quayside.
Positioned on the building’s upper ground level, this spacious apartment exceeds 650 square feet and benefits from a well-oriented 18ft walk-out balcony.
The property includes a Communal Entrance, a Private Reception Hall with built-in cupboards, an 18ft Living Room / Dining Room with river views and glazed doors to the balcony, a well equipped Kitchen Area, a Main Double Bedroom with an En-Suite Shower Room, a Second Bedroom, and a Bathroom.
With lift and stair access, double glazing, gas central heating (provided by a combi boiler) and a dedicated parking space in the building’s underground car park, viewing is highly recommended.
Material Information - Council Tax Band: D Tenure: Leasehold Lease: 123 Years Remaining Service Charge: £2375.73 per year.
Includes building maintenance, inspections, cleaning and general administration.
Ground Rent: £174.48 Per annum Management Company: East Quayside (Newcastle) Parking: Resident Parking Any rights of way over the property and/or restrictions on use: Restrictions by the management company over short term lets e.g.
Air BnB.
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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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 B, bb72, High Quay, Newcastle Upon Tyne
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