1-bedroom flat · NE1 2BN
To rentListed 32 days · slow let
Opportunity summary
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About
Tenure: Leasehold 59 Lime Square, City Road, Newcastle upon Tyne, NE1 2BN One Bedroom Apartment | Private Balcony | Open Plan Living | Courtyard Views | Quayside Location | Excellent Transport Links | No Parking Perfectly positioned close to Newcastle’s vibrant Quayside and the increasingly popular Ouseburn Valley, this well located one bedroom apartment offers contemporary city living with some of Newcastle’s best restaurants, bars, cafés and cultural attractions within easy reach.
The accommodation centres around a bright, open plan lounge and kitchen, creating a sociable and practical living space with plenty of room to relax, dine and entertain.
From the living area, doors lead out onto a private balcony overlooking the development’s courtyard, providing a welcome outdoor space in the heart of the city.
The apartment also offers a well proportioned double bedroom and bathroom, making it an excellent option for a Single occupant preferred or couple looking for convenient access to Newcastle city centre without sacrificing their own private outdoor space.
Location Lime Square occupies a particularly convenient position on City Road, between Newcastle’s famous Quayside and the Ouseburn Valley.
The Quayside is one of Newcastle’s most recognisable destinations, stretching alongside the River Tyne and home to an excellent collection of restaurants, cafés, bars and leisure destinations.
The riverside provides fantastic walking and cycling routes, with some of the North East’s best known landmarks forming the backdrop, including the Tyne Bridge and Gateshead Millennium Bridge.
The neighbouring Ouseburn has developed into one of Newcastle’s most distinctive neighbourhoods, known for its independent cafés, pubs, restaurants, music venues and creative spaces.
The historic Victoria Tunnel is also located within the Ouseburn Valley.
For those wanting everything the city has to offer close at hand, Newcastle city centre is readily accessible, providing an extensive choice of shopping, dining, entertainment and nightlife.
Getting Around The location is particularly well suited to tenants who rely on public transport.
Bus services operate throughout Newcastle and Gateshead, including Quaylink services connecting the Quayside and Ouseburn with other parts of the city.
Newcastle Central Station provides mainline rail connections across the country, while the Tyne and Wear Metro offers convenient travel throughout Newcastle, Gateshead and the wider Tyneside area.
For day to day living, much of Newcastle city centre, the Quayside and Ouseburn can also be explored on foot.
Please note that this apartment does not include parking A well positioned city apartment offering modern, low maintenance accommodation in a fantastic location, ideal for anyone wanting to enjoy Newcastle’s Quayside, Ouseburn and city centre lifestyle.
EPC Rating: D
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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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 59 Lime Square City Road, Newcastle Upon Tyne
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