Summary - CENTRALOFTS, 21 APARTMENT 406 WATERLOO STREET NEWCASTLE UPON TYNE NE1 4AL
2 bed 2 bath Flat
Auction opportunity near Newcastle city centre — good rental potential.
Large 1,048 sq ft two-bedroom apartment with balcony city views
This two-bedroom, two-bathroom apartment in Centralofts offers a spacious 1,048 sq ft layout and a private balcony with cityscape views. Constructed in the early 2000s with double glazing and modern finishes, it suits buyers seeking central living or investors targeting city-centre lets. The property includes a secure garage space and benefits from fast broadband and excellent mobile signal — practical for high-occupancy rental demand.
Both bedrooms have en-suite bathrooms and the open-plan living area floods with light through large windows, creating attractive living space for professionals or students sharing. The flat is chain-free and offered by auction with a guide price of £150,000 — a potential opportunity to secure central Newcastle stock below typical market listing timescales.
Buyers should note material considerations: the development sits in a high-crime and deprived area with a strong student presence, which can affect long-term tenant mix and rental yields. The property is leasehold (101 years remaining) and attracts an above-average service charge of £5,404 plus above-average council tax, both of which reduce net income for investors and increase ownership costs for owner-occupiers.
This is best suited to investors or buyers prioritising location and size over a quiet neighbourhood. The apartment’s modern specification and central position give clear re-let and short-let potential, but factor in service charges, area profile and the auction sale process when assessing total cost and return.
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