1/17
£115,000
Flat · 1 bed · 1 bath · 711 sq ft
Newgate Street, Newcastle Upon Tyne, NE1
0.32 miles away
Leasehold
1/7
1/7
3 bed flat for sale The Chare, Newcastle Upon Tyne, NE1
Asking price
£145,000
Reduced on 25/09/2026
Reduced on 25/09/2026
- Type
- Flat
- Bedrooms
- 3
- Bathrooms
- 1
- Tenure
- Leasehold
Key features
- MODERN DEVELOPMENT
- EXCELLENT NATURAL LIGHT
- INTEGRATED COOKING FACILITIES
- OPEN-PLAN LIVING/DINING
- MODERN BATHROOM
- ATTRACTIVE RENTAL INVESTMENT
- ESTABLISHED RENTAL INCOME
- POPULAR CITY LOCATION
- CLOSE TO UNIVERSITY & RVI
- IDEAL FOR LANDLORDS & INVESTORS
About this property
**TENANTED PROPERTY**
Offered for sale strictly as an investment-only opportunity, this well-presented apartment is currently tenanted and provides an attractive opportunity for landlords and investors seeking an established rental income.
The property forms part of an attractive modern development and offers bright, well-proportioned accommodation throughout. The accommodation comprises a comfortable living/dining area, a fitted kitchen with a range of wall and base units, integrated cooking facilities and space for a washing machine, a well-presented bedroom and a modern bathroom with bath and shower.
Council tax
Ask agent
Per year
- Band A£1,695
- Band B£1,977
- Band C£2,260
- Band D£2,542
- Band E£3,107
- Band F£3,672
- Band G£4,237
- Band H£5,084
The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Newcastle upon Tyne, 2026/27 bills run from £1,695 a year in band A to £5,084 in band H.
Figures from MHCLG (Open Government Licence v3): the average bill for each band across Newcastle upon Tyne, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.
Location
The Chare, Newcastle Upon Tyne, NE1
Mortgage and stamp duty
Property price £145,000
£72k £218k
Deposit10% £15,000
£0 £145k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £130,000 mortgage. Most lenders would want a household income of about £29,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Properties sold nearby
HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 17, The Chare Flat / maisonette | Flat / maisonette | May 2026 | 388 sq ft £310/sq ft | 388 sq ft | £310 | £120,000 |
| 41, The Chare Flat / maisonette | Flat / maisonette | Jun 2025 | 732 sq ft £212/sq ft | 732 sq ft | £212 | £155,000 |
| 22, The Chare Flat / maisonette | Flat / maisonette | Oct 2024 | 926 sq ft £173/sq ft | 926 sq ft | £173 | £160,000 |
| 39, The Chare Flat / maisonette | Flat / maisonette | Apr 2024 | 495 sq ft £259/sq ft | 495 sq ft | £259 | £128,000 |
| 10, The Chare Flat / maisonette | Flat / maisonette | Aug 2023 | 398 sq ft £262/sq ft | 398 sq ft | £262 | £104,500 |
| 11, The Chare Flat / maisonette | Flat / maisonette | Feb 2023 | 495 sq ft £238/sq ft | 495 sq ft | £238 | £118,000 |
| 54, The Chare Flat / maisonette | Flat / maisonette | Jan 2023 | 474 sq ft £296/sq ft | 474 sq ft | £296 | £140,000 |
| 42, The Chare Flat / maisonette | Flat / maisonette | Apr 2022 | 463 sq ft £257/sq ft | 463 sq ft | £257 | £119,000 |
All sales on The Chare → All sold prices in Newcastle upon Tyne →
Area insights
The neighbourhood around this property.
Marketed by
Hunters, Newcastle Central
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