1-bedroom flat · NE7 7RG
Let agreedReduced £50 (−5.9%) on 30 SepListed 62 days · slow let
Opportunity summary
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About
Spacious one bedroom apartment available late September on an unfurnished basis. Parking available onsite.
This second floor apartment is situated within the very desirable Wills Building located off the Coast Road in Newcastle upon Tyne.
Originally a tobacco factory, the building was converted into spacious apartments.
This charming second-floor apartment is nestled in the highly sought-after Wills Building, conveniently located off the Coast Road in Newcastle upon Tyne.
Once a tobacco factory, this building has been transformed into spacious living spaces.
Positioned at the back of the development, the apartment features an inviting entrance hallway, a stylishly updated kitchen, a separate lounge/dining area, a main bedroom with a Jack & Jill door leading to the main bathroom, and a generous storage cupboard.
It comes with a designated parking space for one vehicle, along with plenty of visitor parking available at the front of the property.
The Wills Building boasts an excellent location for commuters, just off the Coast Road, which offers easy access to both the coast and Newcastle city center, as well as the A19.
Public transport is readily accessible, with bus stops located on nearby streets. Available Late September | £850 pcm | One Bedroom | Second Floor Apartment | 538 Sq.
ft | Just Off The Coast Road | Lounge/Dining Room | Jack & Jill Bathroom | Modern Kitchen | Allocated Parking Space | Council Tax Band B | Unfurnished | EPC Rating: C | Holding Deposit £170 | Ultrafast Broadband Available |
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
Agent & docs
FAQ
About The Wills Building, Wills Oval, Newcastle Upon Tyne, NE7
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