Summary - MARCONI HOUSE APARTMENT 70 MELBOURNE STREET NEWCASTLE UPON TYNE NE1 2JS
1 bed 1 bath Apartment
Compact top-floor one-bed with parking and rental potential in NE1.
Top-floor one-bedroom with private balcony and city views
Top-floor one-bedroom apartment in Marconi House, a modern city-centre development on Melbourne Street offering easy access to the Quayside and transport links. The flat has an open-plan living/kitchen that opens onto a private balcony with city views, an allocated off-street parking bay and contemporary fittings throughout — a straightforward option for investors or a first-time buyer wanting a low-maintenance city base.
Practical running costs and tenure details are clear: the property is leasehold with approximately 105 years remaining, an annual service charge of about £2,556 and a ground rent of £175 (reviewed every 25 years). Heating is by electric wall heaters and the apartment has no gas supply, which is economical to view as a running-cost consideration. EPC C and proven rental income circa £1,000pcm underline letting potential.
Buyers should note material points: the internal footprint is compact (small one-bedroom), service charges are relatively high for the size, and the local area records very high crime levels — factors that will influence yields and mortgage/insurance arrangements. Cladding remedial works have been carried out and an EWS1 form is available; purchasers should instruct solicitors to inspect the headlease and any restrictive covenants before exchange.
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