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See how verdicts work1-bedroom flat · NE1 2PD
For saleReduced £5k (−3.1%) on 21 JunListed 268 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Appealing to a wide variety of buyers is this one bedroom apartment located in this prestigious development.
The accommodation includes: Entrance hallway, lounge, balcony, kitchen with a good range of wall and base units complimenting work surfaces built in electric hob and oven, stainless steel one and a half sink with mixer tap, tiled splashback, integrated fridge freezer, integrated washing machine, space for dining table, double glazed window and radiator.
Bedroom and bathroom/W.C. The property benefits from an double glazed windows, gas central heating and a south facing balcony with views over the river Tyne.
Leasehold 150 years from 1st February 2000 should you proceed with this purchase these details must be verified by your solicitor.
Virtual tour available at link below: Please contact the Heaton Branch for further information or viewings Council Tax Band: D Tenure: Leasehold Length Of Lease: 124 Annual Service Charge Amount: 1,600.00 Entrance Hall With doors off to all room and large storage cupboard.
Lounge (4.69m x 4.64m) Double glazed window to the rear, double glazed French doors leading to the balcony and radiator.
Balcony South facing balcony which is mainly paved with views over the river Tyne.
Kitchen (3.82m x 3.83m) With a good range of wall and base units complimenting work surfaces built in electric hob and oven, stainless steel one and a half sink with mixer tap, tiled splashback, integrated fridge freezer, integrated washing machine, space for dining table, double glazed window and radiator.
Bedroom (3.90m x 2.81m) Large double glazed window to the rear, fitted bedroom furniture, door to bathroom and radiator.
Bathroom (2.17m x 1.77m) White three piece bathroom suite comprising; bath with shower over, hand wash basin built into vanity, low level WC built into vanity, partially tiled walls, tiled floor, door to the bedroom and heated towel rail.
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
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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
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FAQ
About 55 High Quay, City Road, Newcastle upon Tyne
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