2-bedroom flat · NE1 3RF
To rentListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
URBAN BASE are delighted to welcome back to the rental market this stunning two-bedroom luxury penthouse apartment at Merchants Quay, offering spectacular views across the River Tyne, including the iconic High Level and Tyne Bridges.
Located on the Newcastle side of the historic River Tyne, Merchants Quay enjoys an enviable position in one of the city’s most desirable areas.
Newcastle Quayside is famed for its vibrant atmosphere, landmark bridges, riverside walks and excellent dining options.
With the city centre, Quayside, and a wide range of bars, restaurants and cultural venues all within easy walking distance, this apartment is perfect for professionals seeking convenience, comfort and style in an exceptional setting.
Accessed via a secure communal entrance with both lift and stair access to all floors, this top-floor apartment offers high-end contemporary living with quality finishes throughout.
Upon entering the apartment, you are welcomed by a spacious hallway featuring oak wood flooring and a secure entry telephone system.
The open plan living space is bright and stylish, with oak wood flooring and modern decor.
The kitchen is fitted with sleek contemporary units and high-spec integrated SMEG appliances, including oven, hob, extractor, washer/dryer, dishwasher and fridge/freezer.
The lounge area benefits from TV and telephone points and leads directly onto a private balcony with stunning river and bridge views.
The master bedroom is a generous double with neutral carpets, cream walls, double glazing, an electric wall-mounted heater and TV/telephone points.
It also features an en-suite shower room with low-level WC and wash basin. The second bedroom is also a comfortable double, presented in the same modern, neutral style.
The main bathroom has been designed by Philippe Starck and includes a stylish white three-piece suite with shower over bath, chrome fittings, tiled walls and flooring, a large mirror, heated towel rail and shaving point.
Further benefits include a private balcony offering breathtaking views of the Tyne. This is a rare opportunity to occupy a beautifully appointed penthouse apartment in a prime riverside location.
Early viewing is highly recommended. Urban Base ta Northwood Tyneside Ltd is a member of The Property Ombudsman Scheme and the Propertymark Client Money Protection Scheme.
Our landlord and tenant fees can be found at the following links Landlord Tenant EPC rating: D.
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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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 The Close, Quayside, Newcastle upon Tyne, NE1
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