# 2 bedroom apartment for sale (NE3 4JL) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 45, MONTAGU COURT, MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR NE3 4JL | | Price | £230,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | C | | Last sold | £209,000 Mar 2026 | ## Description A super stylish 2 bedroom apartment presented to the highest of standards and benefitting from a range of quality fixtures and fittings throughout. The property occupies an elevated position within the development with panoramic views of the Town Moor and the City of Newcastle. It also benefits from a balcony and a garage together with UPVC double glazing and gas fired central heating. Room Measurements: Lounge 11'8 x 16'0 (3.56 x 4.88m) Dining Room 11'58'7 (3.48 x 2.62m) Kitchen 7'0 x 11'3 (2.13 x 3.43m) Bedroom One 9'11 (into recess) x 10'9 (3.02 x 3.28m) Bedroom Two 10'0 x 10'1 (into recess) (3.05 x 3.07m) Tenure: Leasehold 999 years from 1967 (968 years remaining) Ground Rent: Included in service charge Service Charge (includes building insurance & Water): £3,606.00 per annum - Review Period: TBC - Increase Amount: TBC Council Tax Band: C EPC Rating: C PRIMARY SERVICES SUPPLY Electricity: Mains Water: Mains Sewerage: Mains Heating: Gas  Broadband: Fibre  Mobile Signal Coverage Blackspot: No  Parking: Garage in basement  MINING The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.  Confirmation should be sought from a conveyancer as to its effect on the property, if any.  ACCESSIBILITY This property has accessibility adaptations: • Lift access to floor   ## Property Photos - ![Photo 4](/listings/photos/163673441/1591947) - Photo 4 - ![Photo 1](/listings/photos/163673441/1591948) - Photo 1 - ![Photo 7](/listings/photos/163673441/1591949) - Photo 7 - ![Photo 6](/listings/photos/163673441/1591950) - Photo 6 - ![Photo 8](/listings/photos/163673441/1591951) - Photo 8 - ![Photo 5](/listings/photos/163673441/1591952) - Photo 5 - ![Photo 2](/listings/photos/163673441/1591953) - Photo 2 - ![Photo 3](/listings/photos/163673441/1591954) - Photo 3 - ![Photo 9](/listings/photos/163673441/1591955) - Photo 9 ## Floorplans - ![Floorplan 1](/listings/photos/163673441/1591956) - Floorplan 1 ## EPC Graphs - ![Energy Performance Certificate](/listings/photos/163673441/1591957) - Energy Performance Certificate ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | MONTAGU COURT FLAT 45 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £209,000 | 23/03/2026 | Flat | | MONTAGU COURT FLAT 45 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £225,000 | 30/09/2014 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | MONTAGU COURT FLAT 16 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £532,000 | 15/07/2025 | Flat | | MONTAGU COURT FLAT 58 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £450,000 | 09/07/2025 | Flat | | MONTAGU COURT FLAT 37 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £550,000 | 16/02/2023 | Flat | | MONTAGU COURT FLAT 7 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £480,000 | 09/12/2022 | Flat | | 23 ALBANY MEWS, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JW | £175,000 | 26/10/2022 | Flat | | MONTAGU COURT FLAT 16 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £495,000 | 11/03/2022 | Flat | | MONTAGU COURT FLAT 58 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £342,500 | 09/02/2022 | Flat | | MONTAGU COURT FLAT 39 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £196,000 | 01/11/2021 | Flat | | MONTAGU COURT FLAT 20 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £398,750 | 07/10/2021 | Flat | | MONTAGU COURT FLAT 15 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £205,000 | 24/09/2021 | Flat | | MONTAGU COURT FLAT 61 MONTAGU AVENUE, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE3 4JL | £530,000 | 16/09/2021 | Flat | **Area average:** £395,841 (11 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £192,213 (52 Flat, NE3, 2024–2026) - **Deviation:** +19.7% ## Rental Range *ONS Price Index of Private Rents (Newcastle upon Tyne). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,085/mo - **Realistic:** £1,206/mo - **Optimistic:** £1,327/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Northumberland (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £424/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Terraced House, Hunters Road, NE2 | £895/mo | 2 | 0.88 miles | OpenRent | **Average rent: £895/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.39% (weak for cashflow) - **Max investor price (0.8%):** £111,875 - **Target investor price (1%):** £89,500 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £895/mo).* - **Gross yield:** 4.7% - **Cost-to-rent:** 21.4× - **Monthly cashflow:** £-125/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -2.3% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 54.7% - **10y growth:** -22% ## House Price Index (HM Land Registry) *Official index for Newcastle upon Tyne; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** 1.2% - **5y growth (index):** 12.4% - **10y growth (index):** 28% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)