Summary - THE BAR APARTMENT 603 ST JAMES GATE NEWCASTLE UPON TYNE NE1 4BA
1 bed 1 bath Apartment
Chain-free one-bed offering central location, parking and instant rental potential.
- Sixth-floor one-bedroom apartment with balcony and city-centre views
- Off-street parking in Times Square car park included
- Currently tenanted at £995 pcm, immediate rental income
- EPC rating B and double-glazed windows
- Leasehold with about 104 years remaining
- Service charge c. £2,616 per year; ground rent £350
- All-electric heating using room heaters (no gas central heating)
- Located in a cosmopolitan student neighbourhood; crime level recorded as very high
Located on the sixth floor of The Bar development, this one-bedroom apartment offers a compact, contemporary city-centre home with a balcony overlooking Newcastle. Positioned close to Central Station and local amenities, it suits investors seeking central rental income or a first-time buyer wanting easy access to the city.
The property is currently tenanted at £995 pcm, providing immediate rental return. Practical features include an EPC rating B, off-street parking in Times Square car park, double glazing and a generous lease of approximately 104 years.
Buyers should note this is a leasehold with an average service charge of £2,616 per year and ground rent of £350. Heating is all-electric (room heaters), and the wider area is a cosmopolitan, student-focused neighbourhood with a very high recorded crime level — factors to weigh for long-term occupation or management costs.
Sold chain-free, the apartment offers straightforward entry to the central Newcastle market with clear renovation or management potential for improving yield or personal comfort.
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