Affordable city apartment with river views and strong rental potential.
Sixth-floor apartment with private balcony and river views
Two double bedrooms; master bedroom has en suite
Allocated off-street parking space included
Long lease remaining (approx. 226 years)
Service charge about £2,151 pa; ground rent £942 pa
Electric room heaters (higher running costs than gas)
Inner-city, student-heavy area; local crime levels very high
Chain free; public notice currently records an offer
This sixth-floor, two-double-bedroom apartment at Baltic Quay offers clear investment potential and affordable city living. The living room opens onto a private balcony with river and urban views; the master bedroom includes an en suite. At 736 sq ft the layout is traditional and practical for rental or owner-occupation.
Practical features include an allocated off-street parking space, double glazing, and a long lease (approximately 226 years remaining). The block was built in the early 2000s and benefits from modern finishes, but heating is electric room heaters rather than a communal gas system — important for running costs.
Charges are a material consideration: an annual service charge around £2,151 and a ground rent of £942. The property is chain free and currently subject to a public notice of an offer, so timings may move quickly. The immediate area is inner-city, multicultural, with a strong student presence and higher local crime statistics — factors that affect buyer profiles and lettings.
This apartment suits buy-to-let investors seeking a city-centre rental with river views, or buyers wanting an affordable first purchase near Newcastle/Gateshead amenities. It offers low maintenance modern living and decent lease security, but factor in ongoing service costs, higher neighbourhood crime figures and electric heating when budgeting.