2-bedroom flat · NE1 4DB
No longer listedListed 42 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TWO BEDROOM, CITY CENTRE, TOP FLOOR APARTMENT. Available end of September and offered furnished, in a sought-after location.
Situated in Leazes Square, this property enjoys a prime location within Newcastle’s NE1 postcode.
Tucked just behind St James' Park and moments from the beautiful Leazes Park, it offers a rare blend of green space and urban convenience.
You are only a short stroll from Eldon Square’s extensive shopping and dining options, as well as Newcastle University and the RVI hospital.
With excellent transport links nearby, including Central Station and key bus routes, this is a superb base for professionals, students, or anyone looking to enjoy all the energy and amenities of city-centre living.
The property is accessed via a communal entrance with stairs to all floors and briefly comprises: entrance hallway with storage, two bedrooms, bathroom WC, lounge and kitchen with fitted units and integrated oven and hob.
Further benefits include electric heating and double glazing. Externally there is a delightful communal garden with seating areas.
Viewings are highly recommended to appreciate the accommodation on offer. Please call for more information. Council tax band: B.
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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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 The Open, Leazes Square, Newcastle Upon Tyne
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