1-bedroom flat · NE1 5RG
For saleListed 466 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bridgfords are delighted to offer for sale this well presented one bedroom mezzanine level flat located on Newgate Street in the City Centre.
Internally there is an open plan lounge, dining area and kitchen, plus separate bathroom to the lower floor whilst the mezzanine level bedroom is on the upper floor.
Entrance door to:- Lounge / Dining Room 13'9" x 17'2" At Max (4.2m x 5.23m At Max).
Three secondary glazed windows to front, telephone point, television point, electric heater, open to:- Kitchen Area 8'4" x 6'2" (2.55m x 1.87m).
Units comprising work surfaces with cupboards above and below, 1 1/2 bowl sink unit, built-in electric oven and hob with extractor hood above, integrated automatic washing machine, dishwasher and fridge freezer, part tiled walls.
Mezzanine Bedroom 16'0" (4.85m) x 14'4" (4.41m) Two velux windows to rear, telephone point, television point, electric heater.
Bathroom / WC Secondary glazed window to rear, suite comprising low level w.c, pedestal wash hand basin, panel bath with shower over, shaver point, part tiled walls, cupboard housing water tank, heated towel rai
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
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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 10, Newgate Street, Tyne and Wear
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