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2 bed flat for sale Westgate Road, Newcastle Upon Tyne, NE1

Asking price

£149,950

Added on 22/09/2026

Type: Flat
Bedrooms: 2
Bathrooms: 2
Size: £184 per sq ft
Tenure: Leasehold; 103 years left

Service charge £4,210 a year Council tax Band D £2,542 a year

Key features

Two bed city centre apartment
Tenanted at £1200pcm
Located on Westgate Road
Close to Central Station
Strong investment potential
Close to universities

About this property

City Centre Apartment with Tenant in Situ | Investment Opportunity | Two Bedrooms | Prime Newcastle Location

Set in the heart of Newcastle city centre, this stylish two-bedroom apartment in The Rehearsal Rooms offers modern living just moments from Central Station, bars, restaurants, shops and everything the city has to offer. Currently tenanted and achieving £1,200 PCM, this is a ready-made investment opportunity in one of Newcastle’s most well-connected locations.

Floorplan

Council tax

Band D £2,542 a year

Per year

Band A

£1,695
Band B

£1,977
Band C

£2,260
Band D

This home: £2,542
Band E

£3,107
Band F

£3,672
Band G

£4,237
Band H

£5,084

This home is in band D, which costs £2,542 a year in Newcastle upon Tyne for 2026/27.

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. Check a home's band on GOV.UK.

Price guide

50 comparables · within 3 miles

Priced above 52% of the 2-bed flats for sale nearby right now.

This home, £149,950 Median £137,500 · £69,500 – £202,000

Per square foot

£184 5% under

2-bed flats nearby £194

Against sold prices

18% under

NE1 sold median £223 / sq ft, 140 sales

Compared with 50 2-bed flats for sale within 3 miles, on the market now or already under offer. The range is the middle 80% of their asking prices. Sold prices are HM Land Registry sales in NE1 over the last 24 months, per square foot of EPC floor area. All sold £/sq ft in NE1 →

Location

Westgate Road, Newcastle Upon Tyne, NE1

Open map Street View

Mortgage and stamp duty

Property price £149,950

£74k £225k

Deposit10% £15,000

£0 £150k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £134,950 mortgage. Most lenders would want a household income of about £30,000 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
Apartment 3, Rehearsal Rooms, 115 - 119, Westgate Road Flat / maisonette	Flat / maisonette	Apr 2017	775 sq ft £161/sq ft	775 sq ft	£161	£125,000
Apartment 6, Rehearsal Rooms, 115 - 119, Westgate Road Flat / maisonette	Flat / maisonette	Jun 2016	678 sq ft £184/sq ft	678 sq ft	£184	£125,000
Apartment 3, Rehearsal Rooms, 115 - 119, Westgate Road Flat / maisonette	Flat / maisonette	Mar 2011	775 sq ft £95/sq ft	775 sq ft	£95	£74,000
Apartment 2, Rehearsal Rooms, 115 - 119, Westgate Road Flat / maisonette	Flat / maisonette	Oct 2009	893 sq ft £116/sq ft	893 sq ft	£116	£103,750
Apartment 4, Rehearsal Rooms, 115 - 119, Westgate Road Flat / maisonette · new build	Flat / maisonette · new build	Mar 2007	721 sq ft £291/sq ft	721 sq ft	£291	£210,000
Apartment 3, Rehearsal Rooms, 115 - 119, Westgate Road Flat / maisonette · new build	Flat / maisonette · new build	Jan 2007	775 sq ft £181/sq ft	775 sq ft	£181	£140,250
Apartment 5, Rehearsal Rooms, 115 - 119, Westgate Road Flat / maisonette · new build	Flat / maisonette · new build	Dec 2006	840 sq ft £238/sq ft	840 sq ft	£238	£200,200
Apartment 6, Rehearsal Rooms, 115 - 119, Westgate Road Flat / maisonette · new build	Flat / maisonette · new build	Oct 2006	678 sq ft £310/sq ft	678 sq ft	£310	£210,000