2-bedroom flat · NE1 3UG
For saleListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented first-floor apartment is located within the Grade II listed Princess Building in Newcastle’s Quayside area, combining modern living with original character features.
The property is accessed via a secure intercom entry system with stairs leading to the first floor.
Inside, an entrance hall provides access to all rooms, including two generous double bedrooms, with the main bedroom positioned to the rear and the second to the front, both offering space for essential furnishings.
The bathroom is fitted with a three-piece suite including a shower over the bath and a heated towel rail.
To the end of the hallway is a bright open-plan lounge and kitchen, providing a practical space for everyday living.
The kitchen is fitted with a range of wall and base units along with integrated appliances, including a fridge freezer, dishwasher, washing machine, electric hob, and oven.
Large sash windows and high ceilings enhance the sense of space and provide views towards the River Tyne.
This is a great opportunity to purchase a property in one of Newcastle’s most popular locations. Early viewing is recommended to appreciate the space and setting on offer.
Ideally positioned within walking distance of the Quayside and city centre amenities, the property is available with no onward chain.
Tenure: Leasehold - 92years and 11 months from the 21st September 2017 - Expires 15/9/2110. GR £250.00pa and SC £1900.00pa EPC: G Council tax Band: C Material Information: Grade II Listed building.
Situated on Queen Street, just one street back from the Quayside, the property is surrounded by an array of restaurants, cafés, and bars, with cultural landmarks including the Millennium Bridge, BALTIC, and Sage Gateshead all within walking distance.
Newcastle Railway Station and Newcastle International Airport are easily accessible, and the nearby A1(M) and A19 offer excellent transport links across the North East.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All measurements have been taken as a guide to prospective buyers only, and are not precise.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. EPC rating: G.
Tenure: Leasehold, Length of lease (remaining): 84 years 4 months,
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
FAQ
About Queen Street, Quayside, Newcastle upon Tyne, NE1
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