2-bedroom flat · NE1 2JS
Sold STCListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** ATTENTION INVESTORS/LANDLORDS ***CURRENTLY TENANTED *** TWO BED TWO BATH APARTMENT *** NEWCASTLE CITY CENTRE *** Cloud Estates present to the SALES market this spacious two bedroom apartment in Marconi House.
The second floor property comprising of entrance hall, living room, modern kitchen, two double bedrooms and two bathrooms.
The apartment has a secure entry system, two lifts, two staircases and one secure parking space.
Situated very close to the Tyne Bridge, Newcastle central motorway and Central Station in Newcastle City Centre it is a great location for transport links and for all the local amenities, leisure, entertainment, daytime, nightlife and shopping that Newcastle City Centre and Quayside has to offer.
PLEASE NOTE - The property is currently tenanted with an the annual gross income of over £14,000 per annum Please contact Liane at Cloud Estates for a viewing!
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
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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 Marconi House, Melbourne Street, Newcastle City Centre
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