1-bedroom flat · NE1 3AB
To rentListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ONE BEDROOM FURNISHED QUAYSIDE APARTMENT WITH ALLOCATED PARKING | AVAILABLE 12TH DECEMBER | Located within the highly desirable Hanover Mill development on Newcastle Quayside, this well-presented one-bedroom furnished apartment enjoys a riverside position on the banks of the River Tyne.
The accommodation briefly comprises an entrance hallway, spacious living room, fitted kitchen, double bedroom and bathroom.
Further benefits include an allocated parking space, secure entry system and excellent access to Newcastle City Centre, Central Station and the vibrant Quayside bars and restaurants.
Early viewing is recommended. Energy Efficiency Rating C. Council Tax Band: C. Holding deposit: One weeks rent to reserve, then taken off move in monies. Damage Deposit: Five Weeks.
Entrance Hall Telephone entry system, wall mounted electric heater, storage cupboard housing water tank.
Living/Dining Area Double glazed window to front elevation, wall mounted electric heater, television aerial and telephone points.
Kitchen Range of wall and base units with roll edge worktop surfaces incorporating stainless steel sink unit, integrated oven with stainless steel extractor, fridge/freezer, dishwasher and plumbing for automatic washing machine.
Bedroom Double glazed window to front elevation, telephone point, wall mounted electric heater.
Bathroom Panel bath with shower overhead, wash hand basin in vanity unit, WC, fully tiled walls and flooring, towel rail radiator, electric shaver point.
Material Information This property is managed by Living Spaces. Tenure: We have been advised the property is leasehold.
(Please note the service charge and ground rent are payable by the landlord not tenant). Council Tax: Band C. Authority; Newcastle City Council.
For current rates please visit; new.newcastle.gov.uk/council-tax/council-tax-explained/council-tax-bands 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 a parking bay available in adjacent building, a fob and permit required.
We have not been advised of any restrictive Covenants at the outset of marketing.
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 Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1
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