Summary - 38 FLAT 26 LOW FRIAR STREET NEWCASTLE UPON TYNE NE1 5UF
2 bed 2 bath Apartment
Auction opportunity with parking and refurbishment potential for investors.
Central two-bedroom apartment, 862 sq ft, lift access and ensuite
Dedicated off-street parking space — unusual for central location
Requires renovation and updating throughout
Leasehold sale by online auction; buyer fees and unconditional terms apply
Electric room heaters only — no central gas heating
High local crime rate; security and insurance considerations
Constructed early 2000s with double glazing already fitted
Close to shops, transport links and strong student rental demand
This two-bedroom apartment in central Newcastle sits in a lively, cosmopolitan student neighbourhood and is offered for sale by online auction. At 862 sq ft it delivers generous rooms, two bathrooms including a master ensuite, lift access and a dedicated off-street parking space — rare in the immediate area.
The building dates from the early 2000s and benefits from double glazing and secure entry. Heating is via electric room heaters and the property will need renovation, so buyers should budget for modernisation works. Tenure is leasehold and the sale will include auction fees and unconditional terms.
The location is well served by shops, cafés and transport links, offering good rental demand from students and city workers. Crime levels in the area are very high; this is an important factor for owner-occupiers and investors when assessing management, security upgrades and insurance costs.
For an investor or a buyer willing to refurbish, the apartment offers clear potential to add value through updating finishes and heating. Early inspection is recommended to assess scope of works and costs before bidding at auction.
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