Great rental potential near universities and transport links.
Third-floor one-bedroom, 333 sqft (compact)
A compact third-floor apartment in the heart of Newcastle, offered for sale at auction and suited to cash buyers and investors. The building shows Georgian character and high ceilings externally, while the flat itself requires full renovation throughout.
The layout provides a hallway, lounge with bay-window light, separate kitchen, one bedroom and bathroom. The property includes an allocated off-street parking bay and electric storage heating. Council Tax Band A and no flood risk are practical pluses for rental use.
Important facts: the flat is leasehold with 86 years remaining, an above-average annual service charge (£4,335) and a location within a high-crime, multicultural student neighbourhood. Double glazing is installed but walls are likely uninsulated, and the property will be sold as seen at auction. These points make it a short-term renovation and rental/refurbishment play rather than a move-in-ready home.
Buyers should factor in renovation costs, the remaining lease length, and ongoing service charges when calculating yield or resale potential. The property’s central address, excellent transport links and proximity to universities support strong letting demand once refurbished.