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See how verdicts work1-bedroom flat · NE1 2JS
Listing removedListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Top Floor One Bedroom Apartment - Prime Newcastle City Centre Location - Ideal Investment Opportunity Offered for sale with a current tenant in situ paying £1,200.00 per calendar month until April 2026, this top floor, one-bedroom apartment presents a fantastic buy-to-let investment in the heart of Newcastle City Centre.
Situated within a modern development, the property is well-maintained throughout and features an open-plan living and kitchen area, a generously sized double bedroom, and a contemporary bathroom suite.
Being on the top floor, the apartment benefits from an abundance of natural light and pleasant views across the city skyline.
Positioned within easy walking distance of Newcastle Central Station, both universities, and a wealth of shops, bars, and restaurants, the location offers exceptional appeal to professionals and students alike.
Key Features: * One-bedroom top floor apartment * Currently let at £1,050.00pcm * Modern, open-plan layout * Excellent city centre location * Ideal for investors * Secure entry system and lift access * Offered with tenant in situ * Guide Price: £119,500 Leasehold Information Lease: Approx.
100 years remaining Service Charge: £2306,00 per annum (approx.) Ground Rent: £196.70 per annum Managing Agent: TBC Material Information Tenure: Leasehold Council Tax: Band C (Newcastle City Council) Utilities: Mains water, electricity, and sewerage.
No gas supply.
Broadband: Availability can be checked at broadbandcheck.co.uk Mobile Coverage: Check signal at signalchecker.co.uk Additional Notes Development works are currently ongoing within Ochre Yards by Bellway Homes - please enquire for further details.
Please note: all appliances and services have not been tested by WPG Sales & Lettings. A copy of the lease is available upon request.
We recommend that your solicitor reviews the lease to check for any restrictive covenants.
Important Notice for Purchasers At WPG Sales & Lettings, we strive to ensure all listing details are as accurate and up to date as possible.
However, these particulars do not constitute or form part of any offer or contract and should not be relied upon as statements of fact.
Any services, systems, or appliances listed have not been tested and are not guaranteed.
Floorplans, measurements, and other layout information are provided for guidance only and should be independently verified. For further information or clarification, please contact us directly.
Submitting an Offer All offers must be supported with full financial verification, including: A mortgage Agreement in Principle (where applicable) Proof of deposit or available funds Full chain details, including contact information for selling agents and solicitors involved In accordance with current Money Laundering Regulations, proof of identity will be required from all prospective buyers before an offer can be formally accepted.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Melbourne Street, Newcastle Upon Tyne, NE1
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