2-bedroom flat · NE6 1BY
Sold STCListed 224 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
STUNNING VIEWS! This well presented first floor apartment home is ideally located within Ouseburn Wharf a stone's thrown from The Ouseburn Valley, Newcastle.
The property is ideally placed close to excellent amenities including shops, cafes and restaurants whilst also being a short walk to The River Tyne, The Tyne Bar, The Free Trade Inn as well as Newcastle Quayside and Newcastle City Centre itself.
The accommodation briefly comprises: communal entrance hall, accessed by a secure telephone entry system and both lift and stair access to the first floor; private entrance hall with two storage cupboards; an impressive 20ft open plan living space with dual aspect windows including French doors and a Juliette balcony providing stunning views, kitchen area with a range of fitted units, work surfaces, some integrated appliances, breakfasting bar and spot lighting; bathroom complete with three piece suite; two double bedrooms, bedroom one with an en-suite shower room.
With electric under-floor heating to the living areas and bedrooms and allocated, covered, off-street parking, early viewings are essential!
Well Presented 1st Floor Apartment | Two Double Bedrooms | 700 Sq ft (65.1m2) | 20ft Open Plan Living Space with Juliette Balcony | Kitchen Area | Bathroom | En-Suite to Bedroom One | Quayside Views | Electric Under-Floor Heating | Covered Allocated Parking | Popular Location | Leasehold with 231 Years Remaining | Service Charge £3,000 Per Annum | Ground Rent £200 Per Annum | Council Tax Band C | EPC: B
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
FAQ
About Ouseburn Wharf, St Lawrence Road, Quayside, Newcastle upon Tyne
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