2-bedroom flat · NE1 4AP
For saleReduced £10k (−11.1%) on 30 SepListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom flat is in Newcastle upon Tyne, benefiting from an EPC rating of C and council tax band D.
The property is sold as seen and is available with no onward chain, providing an opportunity for buyers seeking a straightforward purchase.
The accommodation includes an open-plan lounge kitchen and one bathroom, together with a separate reception space, making practical use of the layout for modern living.
Located in Newcastle city centre, the flat is close to Newcastle Central Station, placing extensive local and regional transport links within easy reach.
From Newcastle Central, there are frequent rail services to Durham (around 15 minutes), Sunderland (around 30 minutes via Metro), Edinburgh (from approximately 1 hour 30 minutes), and London King’s Cross (from approximately 3 hours), in addition to regular local services across Tyneside and the wider North East.
The city centre offers a broad range of amenities within walking distance, including shops, cafés, restaurants and bars, along with cultural and leisure attractions such as theatres and galleries.
Newcastle’s Quayside and its riverside walks are also accessible from the area, as are various open spaces and parks a short distance away by public transport or car.
This two-bedroom flat is likely to appeal to buyers looking for a centrally located property with strong transport connections and convenient access to Newcastle’s city centre facilities.
Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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 4 Waterloo house, Thornton Street, Newcastle Upon Tyne
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