We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · NE1 2DJ
Listing removedListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** RIVER TYNE VIEWS & PARKING IN PRESTIGOUS ST ANNS DEVELOPMENT ** This south facing, fourth floor apartment provides an excellent investment or first time buy opportunity.
The accommodation offers; Entrance hall, bathroom, living/dining/kitchen area and double bedroom. Viewings are imperative to fully appreciate the location and views this superb apartment offers!
Energy Efficiency Rating C. Council Tax Band C.
Entrance Hall Telephone entry system, wall mounted electric heater, storage cupboard housing hot water cylinder and plumbing for automatic washing machine.
Bathroom 7" 3' max x 5" 4' max (2.24m max x 1.65m max) Panel bath with shower above, pedestal wash basin, WC, ceiling spotlights, tiled walls and flooring.
Bedroom 13" 0' max x 8" 4' max (3.99m max x 2.59m max) Double glazed window with River Tyne views, wall mounted electric heater, ceiling spotlights, sliding door through to; Living/Dining Area 21" 4' max x 10" 7' max (6.54m max x 3.29m max) (Measurements Inclusive of Kitchen Area) Double glazed window with River Tyne views, wall mounted electric heater, ceiling spotlights, television aerial and telephone points, open through to; Kitchen Area Range of wall and base units with worktop surfaces incorporating stainless steel sink unit, electric oven and hob with extractor above, fridge and freezer, integrated dishwasher, ceiling spotlights.
Leasehold Information We have been advised at the outset of marketing there is a 999 year lease from December 1999- approximately 973 years remaining.
The service charge is approximately £2928.56 per annum. Ground Rent is £250 per annum. The ground rent increases every 100 years until reaches £1,000- next increase 2099.
Please note we have not inspected the head lease.
Parking is managed by East Quayside Managment and charged via Adderstone seperately, we believe this to be £1048.80 pa (2025), £ paid £262.20 quarterly. Material Information Tenure: Leasehold.
The block is managed by Kingston Property Services. Council Tax: Band C. 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; Broadbandcheck.co.uk Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Signalchecker.co.uk Parking: There is an allocated space in the adjacent car park, space 48, floor 3.
Additional Information - We have been advised that the building has external cladding which is undergoing remedial works. please enquire for further information.
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
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 St Anns Quay, Newcastle Upon Tyne, NE1
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