1-bedroom flat · NE1 2AY
No longer listedReduced £15 (−1.6%) on 11 JunListed 179 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***PLEASE BE AWARE APPLICATIONS TO VIEW THIS PROPERTY MUST BE MADE ONLINE.
THE CITY & SUBURB TEAM WILL NOT BE ABLE TO ASSIST WITH VIEWING REQUESTS MADE OVER THE PHONE*** We are delighted to present this excellent ground floor apartment in the centre of Newcastle to the rental market.
The property is within the Listed Pandongate Building, a block of apartments that was formerly a Victorian era warehouse located in the heart of the City.
We love these apartments as they really stand out from the crowd. It was converted by Charles Church in 2004 and from the moment you approach the building you'll be impressed.
The apartment is a ground floor flat which has a very spacious living area that we like a lot! The flat is beautifully furnished to a very high standard throughout.
The fitted kitchen features an integrated washer dryer, fridge freezer and microwave. An open plan kitchen, dining / living area make this a very social property.
The modern bathroom and double bedroom with build-in wardrobes complete what is an amazing city centre flat. Holding Deposit (per tenancy): One Weeks Rent. This is to reserve a property.
Security Deposit (per tenancy): Equal to One Months Rent This covers damages or defaults on the part of the tenant during the tenancy.
***PLEASE BE AWARE APPLICATIONS TO VIEW THIS PROPERTY MUST BE MADE ONLINE. THE CITY & SUBURB TEAM WILL NOT BE ABLE TO ASSIST WITH VIEWING REQUESTS MADE OVER THE PHONE***
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 Pandongate House, City Road, Newcastle Upon Tyne, NE1 2AY
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