2-bedroom flat · NE1 3RF
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Signature North East are delighted to welcome to the market this two-bedroom, second-floor apartment, located along Newcastle’s iconic Quayside.
Ideally positioned in the heart of Newcastle city centre, the property offers an excellent choice of restaurants, cafés, bars and scenic riverside walks.
Newcastle’s extensive shopping facilities, cultural attractions and entertainment venues are also within easy reach, while excellent transport links, including Central Station and the Metro, provide convenient connections across the region and beyond.
Accessed via a secure intercom entry system, the building offers both lift and stair access to the second floor.
Upon entering the apartment, you are welcomed into the central hallway, which benefits from a useful storage cupboard.
The hallway leads into the open-plan kitchen, dining and living area, providing ample space for a range of furnishings and featuring a Juliet balcony with views towards the river.
The kitchen offers space for a small dining table and comprises a range of wall and base units, alongside an integrated hob, oven and fridge freezer.
Continuing through the property, you will discover two bedrooms, both offering space for a double bed and additional furnishings.
Bedroom one further benefits from an en-suite shower room, complete with a shower, WC and wash basin.
Completing the accommodation is the main bathroom, fitted with a bath with overhead shower, WC and wash basin.
Offering well-proportioned accommodation in a sought-after city-centre location, this apartment would appeal to a range of buyers seeking convenient access to Newcastle’s amenities and the popular Quayside.
Kitchen/ Diner/ Living Room (7.2 x 3.1 (23'7" x 10'2")) Bedroom One (3 x 2.6 (9'10" x 8'6")) En-Suite (2.02 x 1.70 (6'7" x 5'6")) Bedroom Two (3.9 x 2.4 (12'9" x 7'10")) Bathroom (1.6 x 2.2 (5'2" x 7'2"))
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Close, Newcastle Upon Tyne
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