City Road, Newcastle Upon Tyne, NE1 2AY

Property Overview

This immaculate three-bedroom duplex flat is a leasehold conversion apartment on City Road, Newcastle upon Tyne, NE1 2AY. Recently decorated in a neutral style, it includes an open-plan kitchen and reception room and is offered for sale under Option 2 terms.

Accommodation

• Three double bedrooms
• Open-plan kitchen and reception room
• Principal bedroom with en-suite shower room and built-in wardrobes
• Second double bedroom with Juliet balcony
• Jack & Jill shower room serving the second and third bedrooms
• Two bathrooms and one reception room

Location

The property is close to Newcastle Quayside and Newcastle city centre, with riverside walks, bars, restaurants, cultural venues, shopping, cafés and leisure facilities nearby. Newcastle Central Station is approximately 10–15 minutes' walk away and provides mainline and Metro services. Various bus routes operate nearby.

Tenure & Key Information

• Tenure: Leasehold
• Lease term: 125 years less 3 days from 31 March 2004
• Service charge: approximately £2,500 per year
• EPC: D
• Council Tax: Band D
• Seller advises mains gas, electricity, water and sewerage are provided
• Occupancy: not supplied
• Parking: not supplied
• Ground rent: not supplied

Auction & Buyer Charges

• Guide price: £155,000+
• Auction date: 30 September 2026
• Sale terms: Option 2
• Buyer premium: not supplied
• Option 2 terms state a £2,400 + VAT administration fee. Disclaimer 2 states a £2,000 + VAT auction administration fee, totalling £2,400.
• Buyer deposit: £3,000, deducted from the purchase price
• Referred solicitor fee: £200 plus VAT (£240) to £400 plus VAT (£480), payable to the auctioneer where applicable

Investment Analysis

HB estimate: the five same-address leasehold flat sales supplied range from £139,500 to £320,000, with a calculated median of £215,000. This is an indicative market benchmark only, as bedroom counts, condition, floor area and sale circumstances are unconfirmed.

HB estimate: the £2,400 VAT-inclusive administration fee would bring the guide price plus the stated fee to £157,400, before other purchase costs. This is not a formal valuation or a recommended bid.

No rental evidence, auctioneer estimated rent or refurbishment-cost information was supplied. Consequently, no HB estimated rental yield or risk-adjusted maximum bid has been calculated.

Sold Comparables

The following sold comparable evidence was supplied for Pandongate House, City Road, Newcastle upon Tyne, NE1 2AY. Bedroom counts, condition, floor area and sale circumstances are not confirmed.

Property	Sold price	Sold date	Type	Tenure
Pandongate House, City Road, Newcastle upon Tyne, NE1 2AY	£235,000	13 December 2024	Flat/Maisonette	Leasehold
Pandongate House, City Road, Newcastle upon Tyne, NE1 2AY	£320,000	20 September 2024	Flat/Maisonette	Leasehold
Pandongate House, City Road, Newcastle upon Tyne, NE1 2AY	£139,500	10 September 2024	Flat/Maisonette	Leasehold
Pandongate House, City Road, Newcastle upon Tyne, NE1 2AY	£140,000	12 January 2024	Flat/Maisonette	Leasehold
Pandongate House, City Road, Newcastle upon Tyne, NE1 2AY	£215,000	8 September 2023	Flat/Maisonette	Leasehold

Rental Evidence

No advertised rental evidence or auctioneer estimated rent was supplied. Asking or estimated rent is not achieved or passing rent.

Strategy & Risks

HB estimate: proceed only after reviewing the legal pack, lease terms, service charges, ground rent, condition and exact comparable specification. No yield-based or risk-adjusted maximum bid can be calculated. Treat £157,400 as the guide price plus the stated buyer administration fee, not as a recommended bid.

• Occupancy information was not supplied.
• No rental comparables or auctioneer rent estimate were supplied.
• No condition or refurbishment-cost evidence was supplied.
• Same-address sold prices vary materially from £139,500 to £320,000, and comparable bedroom counts are unconfirmed.
• Leasehold liabilities and terms, including service charge and ground rent, require verification.
• The stated £2,400 VAT-inclusive buyer administration fee and other purchase costs should be checked against the auction documentation.