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 work2-bedroom flat · NE1 3AD
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two double bedroom flat is for sale in Newcastle upon Tyne, positioned on the River Tyne and well placed for city centre amenities and riverside walks.
The property features an open-plan reception room and kitchen, creating a practical living and dining space.
The open-plan kitchen is designed for modern day-to-day use, while the adjoining reception area offers flexibility for seating and dining arrangements. There is one bathroom serving the flat.
The property has an EPC rating of B and falls within Council Tax band C.
Located along the Quayside, the flat benefits from easy access to a range of local amenities including bars, cafés, restaurants and shops, as well as riverside walking and cycling routes in both directions towards Ouseburn and along to the west of the city.
Nearby parks and green spaces, such as Leazes Park and Exhibition Park, are within reach for leisure and recreation.
The property features a secure, basement allocated car parking space proving rare private parking in the city centre. Public transport links are strong.
Newcastle Central Station is around a 10–15 minute walk away, offering mainline services to London King’s Cross in approximately 3 hours and to Edinburgh in around 1.5 hours, as well as regional connections across the North East.
Local bus routes operate along the Quayside and into the wider city.
This flat is suitable for first-time buyers looking for a well-located home in Newcastle, as well as investors seeking a property with strong access to local amenities and transport.
Material Information: Tenure – Leasehold EPC Rating – B Council Tax Band - C Leasehold is 125 years started on 27/11/2006 Ground Rent is £389.22 per year Annual notice of subletting fee £108 Yearly Service Charge £2024.95 We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All measurements have been taken as a guide to prospective buyers only, and are not precise.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: B. Tenure: Leasehold,
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 Apartment, Quayside, Newcastle upon Tyne, NE1
Explore nearby