1-bedroom flat · NE1 2JS
Listing removedListed 265 days
Opportunity summary
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About
** ONE BEDROOM PROPERTY IN THE HEART OF THE CITY WITH NO ONWARD CHAIN ** Situated in the ever popular development of Marconi House this apartment provides; Entrance hall, open plan living area, fitted kitchen with integrated appliances, bathroom and allocated parking.
Offering an ideal first time buy or investment opportunity. Energy Efficiency Rating C. Council Tax Band B.
Entrance Hall Storage cupboard with plumbing for automatic washing machine and hot water cylinder, ceiling spotlights.
Living/Dining Area 3.85m max x 3.10m Double glazed windows and double doors to small balcony, two wall mounted electric heaters, telephone entry system, ceiling spotlights.
Kitchen 2.54m x 2.15m Range of wall and base units with worktop surfaces incorporating circular stainless steel sink unit with mixer tap, tiled splashbacks, integrated electric oven and hob with extractor above, integrated dishwasher, fridge and freezer, ceiling spotlights.
Bedroom 2.84m > 1.55m x 4.27m > 3.43mDouble glazed window, wall mounted electric heater, ceiling spotlights.
Bathroom 2.31m max x 1.75m max Panel bath with shower attachment and screen, pedestal wash basin, WC, tiled splashbacks and flooring, electric shaver point, towel rail radiator, ceiling spotlights.
Leasehold Information The remaining term on the lease is approximately 105 years. The annual service charge is £2290.04 approximately, with a ground rent of £175 per annum.
The Ground rent is reviewed every 25 years (first review in 2030), and will be adjusted in line with ONS's National Average Earnings. Please note we have not inspected the headlease.
Material Information Tenure: Leasehold. The block is managed by Marconi House RTM Company Limited. Council Tax: Band B.
Authority; Newcastle City Council For current rates please visit; Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property.
Heating is via electric heaters.
Broadband: Follow the link to check broadband providers and speeds; Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Parking: There parking available with this apartment, bay 15, a fob is required for access.
There is an EWS1 form available for Marconi House, please enquire for further details. Cladding remedial works have been carried out.
You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing.
Please note the lease can be made available upon request.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About Marconi House, Melbourne Street, Newcastle upon Tyne, Tyne and Wear, NE1
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