Summary - BALTIC QUAY 38 MILL ROAD GATESHEAD NE8 3QW
3 bed 2 bath Penthouse
Large modern apartment with parking and unbeatable riverfront outlook for investors.
Panoramic Quayside views from multi-aspect windows and two private balconies
This top-floor penthouse occupies a commanding position on Gateshead’s Baltic Quay with multi-aspect, quayside views and two private balconies. The open-plan living and dining space, contemporary shaker-style kitchen and quality finishes deliver a turnkey, modern apartment suited to short- or long-term lets, or owner-occupiers seeking a city-centre base.
Practical positives include two off-street parking spaces, secure entry, double glazing and a 100-year lease. The large footprint and three double bedrooms give flexibility for family use or multiple-tenant rental layouts; the property has been previously let and is offered chain-free for a quick sale.
Buyers should note material drawbacks plainly: the property relies on electric room heaters rather than a gas central system, which can increase running costs, and it sits in an inner-city, multicultural student neighbourhood with very high recorded crime levels. Council Tax sits at Band G and is relatively expensive. The area is classified as deprived, which may influence resale and tenant demand despite ongoing local regeneration.
Overall this penthouse is best suited to investors or buyers prioritising location and views over low running costs. It represents a rare, large 3‑bed penthouse opportunity on the quayside, but purchasers should budget for higher utility and tax costs and consider tenant profiles when assessing yield or personal use.
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