1-bedroom flat · ST5 1HE
Listing removedListed 318 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious one bedroom top floor apartment forming part of a four storey complex with commercial premises to ground floor.
Conveniently situated within the town centre of Newcastle and close proximity to Brampton Park, providing easy walking distance to all amenities.
Access to the apartment can be obtained from Hanover Street or the rear of the premises with staircase and separate lift access available to all floors.
From the communal hallway, the main entrance door opens to an inner vestibule that leads to a spacious semi open plan living space and kitchen area.
The living space is flooded with natural light and enjoys pleasant far reaching townscape views to a southerly aspect which can also be enjoyed from a small balcony.
The kitchen area has further window outlook across the town and has very recently been refitted with a range of base/wall units including cupboard housing for combination central heating boiler and worktops with sink.
There are a range of new integrated appliances comprising dishwasher, fridge, electric oven, ceramic hob with extractor and freestanding washing machine.
From the kitchen area an inner hall leads to a spacious re-fitted shower room with linen/store cupboard and window.
Suite comprises, mains shower cubicle, large vanity wash basin with medicine units and WC. At the end of the inner hall is a large double bedroom with twin windows enjoying further townscape views.
Externally there is an allocated garage (middle garage in block of five). The property is available with no further upward chain offering immediate vacant possession.
Tenure:- Leasehold: Residue of 99 year lease from 1976.
Lease extension: We understand the vendor is currently extending the lease for a further 90 years which will be done prior to completion of sale. This will make the total lease length to 140 years.
Ground rent - currently £50 per annum to increase to £75 per annum from 24/06/2026. Service charge - For 2026 projected £980 per annum (TBC) payable in two instalments every 6 months EPC Rating: E
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Hanover Court, Hanover Street, ST5
Explore nearby