Flat for sale in Mariners Wharf, Quayside, Newcastle Upon Tyne NE1

Mariners Wharf has long been among the most sought after of quayside apartments, being situated right on the waters edge and being architecturally slightly more interesting than a linear block.

This particular unit scores highly across a wide criteria as it has: Two double bedrooms (rather than a small second bedroom) making it ideal for hosting or to let to professional sharers, or to give some decent work from home space. It also has both a private parking space and a private garaged space meaning there's undercover storage for another vehicle or other items. It benefits from southerly views across the river and bridges which is enjoyed through a large picture window to the living room which provides brilliant levels of natural light throughout. Additionally it has a manageable service charge and a long Lease - particularly attractive in this market.

Heating is electrical via a combination of night storage and convection heaters; the property is double glazed throughout, and its elevated position means it benefits from an attractive open aspect.

Our client has owned this for a number of years and it is offered For Sale with no chain and vacant possession, meaning it would suit an owner occupier as much as an investor. These are particularly sought after for rent and would achieve a decent income for an investor looking to add to their portfolio. The adjacent property sold for more than this list price in September 2023 so we feel it is a fair asking price.

Investors: The second double bedroom translates into significantly higher rental income, meaning the property can be let to professional sharers with a double bedroom each, making for a higher income. The modest service charge also improves the net income. Investors could see a generous annual return from this unit, with the riverside location giving some robustness to capital values.

Send us a Zoopla enquiry for further information or a request to view and we look forward to hearing from you.

Collis Edison LLP specialises in residential investment properties and property management.