Summary -
16 Malthouse,Dispensary Street,ALNWICK,NE66 1LN
NE66 1LN
2 bed 1 bath Flat
Compact central home with balcony and parking, ideal for first buyers or holiday lets.
South‑west facing private balcony with excellent natural light
Full‑height corner windows and Juliet balcony in second bedroom
Allocated off‑street parking for one car; lift and stair access
Compact 485 sq ft — best for couples, singles, or holiday use
Long lease (242 years remaining) with freehold owned separately
Service charge about £1,575pa; ground rent £100pa
Slow local broadband; area shows higher crime and deprivation
Contemporary finish but limited internal storage and small rooms
Light-filled two-bedroom apartment in a converted mill, arranged over 485 sq ft on the second floor. The corner position brings dual-aspect, full-height windows and a private south‑west balcony, giving pleasant afternoon and evening sun. An open-plan kitchen/living area and a principal bedroom with balcony access make efficient use of the compact footprint.
Practical benefits include lift and stair access, allocated off-street parking for one car, secure phone entry and contemporary finishes such as Karndean flooring and integrated kitchen appliances. The long lease (242 years remaining) offers ownership security, and council tax is low, supporting affordability for buyers.
Buyers should note material negatives: the unit is small and best suited to couples, singles or as a pied-à-terre rather than a larger family home. Service charges are approximately £1,575 per year and ground rent is £100 per year. Broadband speeds in the area are reported slow, and local area indicators show higher crime and deprivation levels, which may affect resale or letting yields for some investors.
This apartment suits a first-time buyer seeking a central Alnwick base, or an investor looking for a holiday-let/second-home opportunity in a tourist-friendly town. Its central location places shops, cafes and Alnwick Castle within easy walking distance, while allocated parking and lift access add everyday convenience.
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