Studio flat · NE1 3UF
Listing removedListed 231 days
Opportunity summary
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About
MANHATTAN STYLE STUDIO APARTMENT | NEWCASTLE QUAYSIDE | CITY LIVING | Located on Akenside Hill, this studio apartment benefits from views of the Tyne Bridge, allocated parking, lift access and is offered with no onward chain.
Well situated with access to a large range of local amenities, bars, restaurants and transport links. This accommodation provides; open plan kitchen/living area with bespoke bed and bathroom.
Energy Efficiency Rating C. Council Tax Band D.
Entrance Hall Alarm system, ladder leading to storage above bathroom, leading to; Open Plan Kitchen/Living/Bedroom Area 13.32m x 5.13m MAX Bedroom Area Double glazed windows to rear elevation, bespoke bed suspended from ceiling, built in wardrobes, storage cupboard housing gas boiler, radiator.
Kitchen Area Range base units with worktop surfaces incorporating stainless steel single drainer sink unit, integrated appliances to include; electric oven and gas hob with stainless steel extractor canopy above, built in washing machine and space for fridge/freezer.
Living Area Two steps up to living area with storage underneath, windows with secondary glazing to front elevation with views of the Tyne Bridge, radiator, exposed brick feature walls.
Bathroom 2.17m x 1.52m MAX Bath with shower, pedestal wash basin, WC, tiled walls and flooring, electric shaver point, extractor fan.
Leasehold Information The remaining term on the lease is approximately 100 years. The annual service charge is £2293.03 approximately, The ground rent is £50 per annum.
The ground rent increases every 25 years by £25 and the first increase is 1st August 2024. Please note we have not inspected the head lease.
Material Information Tenure: We have been advised the property is leasehold. The block is managed by Akenside Property Management Ltd. Council Tax: Band D. Authority; Newcastle City Council.
For current rates pls visit; Utilities: Mains sewerage, water, gas and electricity are connected.
Broadband: Follow the link to check broadband providers and speeds; Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Parking: There is an allocated parking bay which is ground floor level and accessed via a fob.
You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing.
Please note the lease can be made available upon request.
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
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FAQ
About Akenside House, Akenside Hill, Newcastle Upon Tyne, NE1
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