2-bedroom flat · NE1 1SA
For saleListed 458 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with vacant possession, is this fabulous two bedroom penthouse apartment, situated within this historic Grade II listed building in the heart of Newcastle City Centre.
The property, which has been finished to a lovely standard throughout, benefits from a secure allocated under croft car parking bay and a substantial roof terrace with views of the Cathedral, the city and towards the Quayside.
The accommodation comprises: Secure communal entrance leading through to the communal hallway with lift and stair access to all floors | Private entrance situated on the third floor | Lobby which leads into the main hallway | Principal bedroom with fitted wardrobes and access to its own ensuite shower room WC | Bedroom two, also with fitted wardrobes | Family bathroom with modern three piece suite | Generous sized kitchen/diner with modern cabinetry and worktops, integrated appliances and large windows flooding the room with natural light.
The return staircase then leads up to the upper floor and onto the lovely living room with triple aspect windows and leads onto the roof terrace.
The property also has the benefit of one under croft car parking bay where a lift takes you directly up to the communal entrance.
Ideally located within the heart of the city, the property offers easy walking distance to all shops, bars, cafes and restaurants, as well as to the Quayside.
Local and national transport links are close by with Newcastle Central Station being only a short walk away for national rail links and Metro station.
Services | Mains; Electricity, Gas & Water | Tenure; Leasehold | Lease Term Remaining; 100 Years | Ground Rent; £100 Per Annum | Service Charge; £5,500 Per Annum | Council Tax; Band F | Energy Performance Certificate; Rating D
Value & comps
No previous sales on record.
Returns
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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 Stamp Exchange, Westgate Road, Newcastle Upon Tyne
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