Summary - Apartment 403 Pandongate House, City Road NE1 2AY
3 bed 2 bath Apartment
Three-bedroom duplex near Quayside with strong rental potential and secure entry.
Offers over £200,000; approx. 1,012 sq ft
This spacious three-bedroom apartment is arranged over two floors, offering generous living space (approx. 1,012 sq ft) and a loft-style open-plan reception/kitchen that benefits from large windows and natural light. The home includes an ensuite and a Jack-and-Jill bathroom, making it practical for sharers or a family. A secure entry system adds basic building security.
Positioned on City Road, the property is a short walk from the Quayside and city centre with excellent transport links and many nearby amenities. It is currently tenanted on a periodic agreement and shows a projected rental yield of around 7.2%, which will appeal to buy-to-let investors seeking central Newcastle stock. The 100-year lease and modest ground rent make ownership straightforward for a leasehold purchase.
Notable running costs and constraints are present: an average annual service charge of approximately £2,200 and a small ground rent of £20. Heating is electric via room heaters rather than a communal gas system, which may mean higher energy bills. Local crime levels are recorded as very high for the area; this is a material consideration for both owner-occupiers and tenants.
In summary, this apartment offers strong central-location rental potential and flexible living space. Investors benefit from an established yield and long lease; residential buyers get roomy, light-filled accommodation close to city amenities — but both should weigh service charges, electric heating, and local crime statistics when deciding to view.
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