2-bedroom flat · NE1 3DN
Sold STCListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*VIRTUAL TOUR AVAILABLE* Situated within the highly sought-after Milk Market development in the heart of Newcastle city centre, this beautifully presented two-bedroom apartment offers contemporary living within a characterful converted building, combining modern finishes with excellent access to the city's vibrant amenities, restaurants, bars, universities and transport links.
The accommodation briefly comprises a welcoming entrance hallway, a spacious open-plan lounge, dining and kitchen area, creating the perfect space for both relaxing and entertaining.
The modern fitted kitchen features a range of integrated appliances, ample worktop space and contemporary cabinetry.
The property benefits from two generous double bedrooms, including a well-proportioned principal bedroom with fitted mirrored wardrobes, together with a stylish family bathroom finished to a high standard.
The apartment is exceptionally well presented throughout, with attractive décor, quality flooring and an abundance of natural light.
A particularly rare benefit for city centre living is the inclusion of two allocated parking spaces, comprising one secure underground parking space and a second allocated space within the secure external parking area.
The property is being sold fully furnished, offering a turnkey opportunity for purchasers looking to move straight in or investors seeking a ready-to-let property.
The property is offered on a leasehold basis with approximately 125 years remaining on the lease and is expected to appeal to a wide range of purchasers including owner occupiers, professionals and investors alike.
Early viewing is highly recommended to fully appreciate the quality, convenience and location of this impressive city centre apartment.
Value & comps
No previous sales on record.
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 asking
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 advisors 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 Milk Market, Newcastle Upon Tyne, NE1
Explore nearby