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See how verdicts work2-bedroom flat · NE66 1LN
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Northumberland Properties are delighted to introduce to the market this fantastic two-bedroom, two-bathroom apartment, offering generous proportions set within The Malthouse, a distinguished former mill steeped in Alnwick’s industrial heritage.
This beautifully converted building was transformed by Ascent Homes into an exclusive collection of just thirty-seven stone-built apartments.
Carefully retaining its historic charm while introducing contemporary design and modern comfort, The Malthouse stands as one of Alnwick’s most characterful and sought-after residential addresses.
Arranged over two floors, this impressive apartment offers a versatile and well-planned layout, with the bedrooms and bathrooms situated on the first floor and the main living accommodation occupying the second floor.
The first floor comprises two bedrooms and a family bathroom, finished with modern neutral tiling and contemporary fittings with the added convenience of an en-suite bathroom to the second bedroom.
The second floor is home to a large open-plan kitchen, living and dining area, creating a spacious and sociable environment ideal for both everyday living and entertaining.
The modern fitted kitchen is complete with integrated appliances, including an electric hob, oven, extractor and dishwasher.
Residents enjoy secure entry via an intercom system into a communal hallway, with both stair and lift access to all floors. The property also benefits from secure undercroft parking.
Ideally located in the heart of Alnwick, The Malthouse is just a short stroll from the town’s independent shops, cafés and restaurants, as well as the iconic Alnwick Castle, The Alnwick Garden and the expansive parkland of Hulne Park.
With the stunning Northumberland coastline only a short drive away, this exceptional two-storey apartment offers the perfect balance of heritage, space and style as an ideal main residence, second home or holiday retreat.
EPC Rating: B
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 Dispensary Street, Alnwick, NE66
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