Summary - MARCONI HOUSE APARTMENT 46 MELBOURNE STREET NEWCASTLE UPON TYNE NE1 2JS
1 bed 1 bath Apartment
Compact, income-producing one-bed in Newcastle city centre, sold with tenant in situ..
Tenant in situ until January 2026 at £850pcm (immediate income)
A compact, modern one-bedroom apartment in Marconi House, positioned for strong rental demand in Newcastle city centre. Sold with a tenant in situ until January 2026 at £850pcm, it presents a straightforward buy-to-let opportunity with immediate income and minimal management complexity.
The apartment is efficiently laid out with an open-plan kitchen/living area, Juliet balcony, fitted kitchen with integrated appliances and a functional bathroom. The block has lift access, double glazing, an EWS1 form and recent cladding remedial works. The lease has about 105 years remaining and the current Energy Efficiency Rating is C.
Buyers should note practical drawbacks: the flat is small (approximately 394 sq ft), heating is electric wall heaters (no gas), there is no allocated parking, and the service charge and ground rent apply (£2,352.33pa service charge; £175pa ground rent). The location is in a busy, cosmopolitan student neighbourhood with very high local crime statistics—factors that affect both living comfort and renter profile.
This is best suited to investors seeking a central, low-maintenance rental with immediate income, or buyers prepared to accept compact city living and associated management costs. Full lease documentation and the headlease should be reviewed by a solicitor before purchase.
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