2-bedroom flat · NE1 3AD
To rentListed 1 day
Opportunity summary
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About
TWO BEDROOM FURNISHED APARTMENT WITH ALLOCATED PARKING | AVAILABLE 19TH NOVEMBER 2026 | Situated within the ever-popular Hanover Mill development, this well-presented two bedroom furnished apartment offers contemporary city living in a prime location.
Ideally positioned for easy access to Newcastle City Centre and the Quayside, residents can enjoy an excellent selection of shops, restaurants, bars, and transport links right on their doorstep.
The accommodation comprises an entrance hallway, spacious open-plan lounge and dining area, fitted kitchen with integrated appliances, two bedrooms, and a bathroom.
Further benefits include allocated parking and a secure entry system. Energy Efficiency Rating C. Council Tax Band C. Holding Deposit: One weeks rent to reserve, then taken off move in monies.
Damage Deposit: Five Weeks Rent.
Entrance Hall Living/Dining Area Double glazed doors to Juliet balcony, wall mounted electric heater, television aerial point, open to; Kitchen Area Range of wall and base units with roll edge worktop surfaces incorporating sink unit, splashbacks, integrated electric oven, microwave and hob, washing machine.
Bedroom One Secondary glazed window, wall mounted electric heater. Bedroom Two Secondary glazed window, wall mounted electric heater.
Bathroom Panel bath, wash hand basin, WC, tiled walls and flooring, electric shaver point. Material Information This property is managed by Living Spaces.
Tenure: We have been advised the property is leasehold (Please note the service charge and ground rent are payable by the landlord not tenant). Council Tax: Band C. Authority; Newcastle City Council.
For current rates please visit: new.newcastle.gov.uk/council-tax/council-tax-explained/council-tax-bands Utilities: Mains sewerage, water and electricity are connected.
Please note there is no gas supply to the property.
Broadband: Follow the link to check broadband providers and speeds; broadbandcheck.co.uk Mobile Phone Coverage: Follow the link to check mobile signal for all networks; signalchecker.co.uk Parking: There is an allocated parking space with the apartment which requires a fob to access.
We have not been advised of any restrictive Covenants at the outset of marketing.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1
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