2-bedroom flat · NE1 5UF
To rentListed 107 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two-Bedroom Furnished Apartment With Balcony & Parking In Central Newcastle Welcome to this two-bedroom, two-bathroom apartment, ideally situated on Low Friar Street in the vibrant heart of Newcastle upon Tyne.
This property offers a unique opportunity to reside in a highly sought-after city centre location, perfect for professionals or small families seeking modern, convenient living.
Upon entering, you are greeted by a spacious and inviting living area, designed for both relaxation and entertaining.
The open-plan layout seamlessly connects the reception room to the modern kitchen, creating a bright and airy atmosphere.
Large windows ensure an abundance of natural light, enhancing the sense of space and comfort.
The apartment comes fully furnished, providing a hassle-free move-in experience with high-quality fixtures and fittings throughout.
The property boasts two double bedrooms, offering ample space and privacy. The master bedroom benefits from a private en-suite shower room, providing a convenient retreat.
A second well-appointed bathroom serves the additional bedroom and guests, ensuring comfort for all residents.
One of the standout features of this apartment is the private balcony, offering a delightful outdoor space to enjoy your morning coffee or unwind in the evening, taking in the city views.
This valuable addition provides a tranquil escape from the bustling city life.
Further enhancing the appeal of this property is the secure allocated parking space, a highly desirable amenity in a city centre location, offering peace of mind and convenience for vehicle owners.
The apartment is available to let from August, making it an ideal choice for those planning a move in the late summer. Low Friar Street offers unparalleled access to Newcastle's extensive amenities.
You'll find yourself just moments away from an array of shops, including Eldon Square shopping centre, diverse restaurants, lively bars, and cultural attractions such as the Theatre Royal and various museums.
Excellent transport links are on your doorstep, with Newcastle Central Station providing national rail services and the Metro system offering easy access across the wider Tyne and Wear region.
Local bus routes are also readily available, ensuring effortless commuting.
Green spaces, though urban, are accessible, with parks like Leazes Park and Exhibition Park within a reasonable distance for leisurely strolls or outdoor activities.
The area is well-served by local conveniences, making daily errands simple and efficient. This modern apartment combines comfort, style, and an unbeatable location, making it a truly desirable home.
Viewings are highly recommended to fully appreciate this property.
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.
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
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FAQ
About Flat 20, 38 Low Friar Street, Tyne and Wear
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