2-bedroom flat · NE1 3RJ
Listing removedListed 51 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
AVAILABLE IMMEDIATELY | FURNISHED TWO DOUBLE BEDROOM QUAYSIDE APARTMENT | Situated within the popular Quayside Lofts development, this well-presented furnished apartment enjoys a prime Quayside location with easy access to Newcastle City Centre, local amenities and excellent transport links.
The accommodation briefly comprises; entrance hallway, spacious open-plan living/kitchen/dining area, two double bedrooms, en suite to the principal bedroom and a modern bathroom.
Allocated parking may also be available at an additional cost. Energy Efficiency Rating D. Council Tax Band D. Holding Deposit: One weeks rent to reserve, then taken off move in monies.
Damage Deposit: Five Weeks Rent. Entrance Hall Storage cupboard housing hot water cylinder.
Open Plan Living/Dining/Kitchen Area (5.95m x 4.51m) Living/Dining Area Wall mounted electric heater, double glazed window and sliding door leading to private balcony facing towards the Quayside.
Kitchen Area Range of wall and base units with worktop surfaces incorporating sink unit with mixer tap, integrated electric oven and hob with extractor fan above, dishwasher, free standing fridge freezer, ceiling spotlights.
Bedroom One (3.64m x 2.57m MAX) Wall mounted electric heater, double glazed window.
Ensuite Shower Room (2.38m x 1.49m) Pedestal wash hand basin, WC, step up to shower with glass shower screen, tiled walls, tiled flooring and extractor fan.
Bedroom Two (4.79m x 2.19m) Wall mounted electric heater, double glazed windows to rear elevation.
Bathroom (2.17m x 1.69m) Panel bath with shower above, pedestal wash basin, WC, tiled walls, tiled flooring, extractor fan. Material Information This property is managed by Living Spaces.
Tenure: We have been advised the property is leasehold (Please note the service charge and ground rent are payable by the landlord not tenant). Council Tax: Band D. 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.
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: Parking is available for an additional cost, please enquire for further details.
We have not been advised of any restrictive Covenants at the outset of marketing.
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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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 Quayside Lofts, 62 The Close, Newcastle Upon Tyne, NE1
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