Summary - MERCHANTS QUAY, 46 - 54 APARTMENT 38 CLOSE NEWCASTLE UPON TYNE NE1 3RF
1 bed 1 bath Apartment
Affordable central flat ideal for investors targeting student rental demand.
Central Quayside location, walking distance to university and transport
Affordable asking price for city-centre one-bedroom apartment
108 years remaining on the lease (from 2005)
EPC rating C; double glazed and modern build (2003–2006)
Electric room heaters only — no central heating system
Public notice/repossession active; higher written offers invited
Area records very high crime and elevated deprivation levels
Compact 493 sq ft; better suited to investors or single occupants
A compact one-bedroom apartment on Newcastle Quayside that presents a clear investment opportunity. Located within easy walking distance of central amenities, universities and transport hubs, the property is well placed for short-let or long-term student tenancy. The apartment has an open-plan living/kitchen, en-suite bathroom, and lift access from a communal entrance.
Key strengths are the central location, modern build (circa 2003–2006) and an affordable asking price compared with nearby city-centre stock. The flat benefits from double glazing, integrated kitchen appliances and an EPC rated C. With 108 years remaining on the lease and Council Tax Band C, the property is straightforward to hold or re-let.
Buyers should note material negatives: the area records very high crime and above-average deprivation, the property uses electric room heaters rather than a central heating system, and it is being sold under a public notice/reposal situation where an offer has already been received. These factors affect both resident comfort and some tenant pools, so factor additional security measures and management into running costs.
This apartment suits investors or buyers seeking a low-entry city-centre asset near universities and nightlife. It requires no major structural work recorded but is best viewed as a location-driven purchase rather than a turnkey family home.
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