2-bedroom flat · NE1 3AB
For saleReduced £5k (−4%) on 22 OctListed 322 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary ** Calling all investors ** Pattinson Estate Agents are pleased to welcome this two bedroom apartment to the market for sale. The property is currently tenanted achieving 1100pcm.
The accommodation briefly comprises: Entrance hall, open plan lounge/dining area/kitchen, Master bedroom with en-suite, A very spacious second double bedroom and family bathroom.
Externally there is also an allocated secured parking space. This modern and spacious apartment is located at the popular Hanover Mill development on the Newcastle Quayside.
The property is within walking distance of Newcastle city centre with easy access to local metro, central train station and the A1 motorway.
Please contact our West Road branch now to register any interest: Or via email Council Tax Band: D Tenure: Leasehold Length of Lease: 106 Annual Service Charge Amount: 3,000.00 Service Charge Review Period: Year
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
Agent & docs
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FAQ
About Apartment 31, Hanover Street, Newcastle upon Tyne
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