Summary - THE BAR APARTMENT 707 ST JAMES GATE NEWCASTLE UPON TYNE NE1 4BB
2 bed 2 bath Flat
City-centre two-bedroom with balcony and strong rental potential.
- Seventh-floor apartment with private balcony and elevated city views
- Open-plan living area with contemporary fitted kitchen and integrated appliances
- Principal bedroom with en suite; second double bedroom and family bathroom
- Electric room heaters only — likely higher running costs than central heating
- Service charge approx £2,500pa and ground rent £350pa
- Lease ~103 years remaining (mortgageable but monitor long-term plans)
- Sold by auction with non-refundable reservation fee and purchaser pack costs
- Located in a multicultural student neighbourhood; crime rate reported very high
Set on the seventh floor of The Bar building, this two-bedroom apartment offers elevated city views and a private balcony with dual access from the living room and principal bedroom. The open-plan living/kitchen creates a modern, versatile space for short‑term lets or city living, while the principal benefits from an en suite; a second bathroom serves the other double bedroom.
Practical considerations for buyers: heating is by electric room heaters, which can be more costly than central systems. Annual costs include a service charge of around £2,500 and a ground rent of £350. The lease has approximately 103 years remaining — long enough for mortgage purposes but worth noting for longer-term hold strategies.
The property is offered via auction (Modern Method), which carries extra fees: a non-refundable reservation fee of 4.5% of the purchase price (minimum £6,600) and a Buyer Information Pack fee (£300). These costs are payable in addition to the purchase price and should be factored into any bid.
Location strengths include excellent mobile signal, fast broadband and immediate access to city centre amenities, transport links and nightlife — a strong draw for student lets or young professionals. Counterbalancing this, the immediate area is classified as deprived with a very high crime rate, so buyers should assess rental risk and security needs carefully.
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