2-bedroom flat · NE1 2AY
Let agreedListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning two double bedroom apartment located in the centre of Newcastle in Pandongate House. Available November on a furnished basis.
Set within the characterful Pandongate House in the heart of Newcastle, this beautifully furnished two bedroom apartment offers over 900 sq ft of stylish, city centre living.
Positioned on the second floor, the apartment opens into a welcoming hallway with a generous storage cupboard before flowing into a spacious open plan living area — perfectly designed for modern lifestyles.
The lounge easily accommodates a large corner sofa, while the dining space seats six comfortably, making it ideal for hosting.
The contemporary kitchen features integrated appliances including a fridge/freezer, washer/dryer, and dishwasher.
The master bedroom is a standout, complete with a chic ensuite shower room, fitted wardrobe, two chests of drawers, bedside tables, and a double bed.
A second double bedroom with a freestanding wardrobe provides excellent flexibility for guests, sharers, or a dedicated home office.
The main bathroom is half tiled and finished with a clean, modern suite.
Available from November on a furnished basis, this apartment is expected to attract strong interest — early viewing is highly recommended.
Please note: parking is not included, but residents can apply for permits via Newcastle City Council’s OB3 scheme. Available November | £1400 pcm | Open Plan Living | 2nd Floor Apartment | 925 Sq.
ft | Exposed Brickwork | Two Double Bedrooms | Half Tiled Bathroom | Central Location | Modern Fittings Throughout | Lift & Stair Access to Communal Floors | Council Tax Band D | Furnished | EPC Rating: C | Main Electric & Water | Gfast Fibre Broadband Available | Holding Deposit £320
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
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