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Baltic Quay, Mill Road, Gateshead, Tyne and Wear, NE8 3QZ
For saleReduced 30 Sept 2026
£399,500Offers in excess of

Baltic Quay, Mill Road, Gateshead, Tyne and Wear, NE8 3QZ

3bedrooms
2bathrooms
Penthousetype
Leaseholdtenure

Listed 17 Jun 2026 · price reduced 30 Sept 2026 · Gateshead

How the price compares

This home£399,500
Median 3 bed in NE8£190k33 homes listed · £144 per sq ft
Difference+110%above the area median

Key features

  • Penthouse
  • Private Balconies
  • Open Plan Living
  • Two secure parking spaces
  • Secure Gated Parking
  • High Yield Investment

About this home

An exceptional opportunity awaits property investors to acquire this stunning three-bedroom penthouse apartment, perfectly situated on Mill Road in the vibrant Gateshead area. Offered for sale at Offers In Excess Of: £399,500 this magnificent property represents a prime investment in modern urban living, blending luxurious finishes with unparalleled convenience and security, specifically appealing to the discerning professional rental market.

This penthouse is strategically located to capitalise on the high rental demand in the Quayside area, a hub for professionals working in Newcastle and Gateshead. Its luxury features and secure amenities make it highly attractive to tenants seeking premium accommodation, ensuring strong rental yields and consistent occupancy. The provision of two secure, gated parking spaces is a significant draw, offering a competitive edge in a market where parking is at a premium.

Upon entering, the expansive and thoughtfully designed open-plan living area immediately impresses. This space is bathed in natural light, creating an inviting and airy atmosphere ideal for both relaxation and entertaining, a key feature sought by professional tenants. The seamless flow between the living, dining, and kitchen zones enhances the sense of space, making it a truly versatile environment. High-quality flooring and contemporary decor throughout underscore the property's premium feel, appealing to a high-calibre tenant base.

The kitchen area is a chef's delight, featuring sleek, integrated appliances, ample storage, and stylish countertops. It is perfectly positioned to remain part of the social hub while offering all the practicalities required for modern culinary pursuits. From the main living area, access is granted to one of the property's two private balconies, providing an ideal spot for morning coffee or evening drinks whilst enjoying elevated views, an attractive lifestyle feature for tenants.

This penthouse boasts three generously proportioned bedrooms, each designed with comfort and tranquility in mind. The master bedroom is a true sanctuary, complete with its own en-suite bathroom, offering a private retreat. This bedroom also benefits from direct access to a second private balcony, providing an exclusive outdoor space to unwind. The additional two bedrooms are equally well-appointed, offering flexibility for guests, a home office, or shared accommodation, catering to various tenant needs.

In addition to the en-suite, there is a second, elegantly fitted family bathroom, ensuring ample facilities for residents and visitors alike. Both bathrooms feature contemporary fixtures and fittings, reflecting the overall high standard of the property, which is crucial for attracting and retaining quality tenants.

One of the standout investment features of this penthouse is the provision of two secure, gated parking spaces. This is a significant advantage in an urban setting, offering peace of mind and convenience for vehicle owners, and is a highly sought-after amenity that commands a premium in rental value. The secure gated parking ensures both safety and easy access, enhancing the property's overall appeal to professionals.

Located on Mill Road, the property benefits from excellent transport links and is within easy reach of Gateshead's extensive array of amenities. Residents will find themselves close to a variety of shops, restaurants, cultural attractions, and leisure facilities. The proximity to major road networks and public transport options makes commuting straightforward, connecting tenants effortlessly to Newcastle city centre and beyond, further solidifying its investment potential.

This penthouse offers a rare combination of space, luxury, and security, making it an ideal acquisition for property investors seeking strong rental returns and long-term capital appreciation. Its appeal to professional tenants in the high-demand Quayside area, coupled with its premium features and secure parking, positions it as a robust addition to any investment portfolio. Early viewing is highly recommended to fully appreciate the quality and investment appeal of this exceptional Gateshead property.

Property details

Property type
Penthouse
Council tax band
G
Tenure
Leasehold
Ground rent
£200 per year (Ask agent about the review period)
Service charge
£4,563 per year
Parking
Gated

Floorplan

Floorplan 1Floorplan 2Floorplan 3

Location

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1 on this map

  • Manors Station0.5 mi
  • Newcastle Central Station0.9 mi
  • Gateshead Stadium Tram Stop0.9 mi

What nearby homes sold for

Median sold prices in NE8 over the last 12 months: flat £107k · terraced £176k · semi-detached £165k · detached £240k.

AddressTypeSoldPrice
224 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
8 May 2026£151,000
212 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
13 Jan 2026£122,000
214 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
12 Jan 2026£136,000
171 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
30 Oct 2025£63,000
185 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
23 Jul 2025£116,000
170 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
13 Mar 2025£80,000
221 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
24 Jan 2025£171,000
227 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
1 Aug 2024£190,000
240 Baltic Quay, Mill Road
Gateshead NE8 3QZ
Flat
Leasehold
10 May 2024£575,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in NE8

Buying costs

Monthly repayment£1,998£39,950 deposit · £359,550 loan
Stamp Duty£9,975England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Greetham Gilbert, Jesmond on Rightmove (original listing). First listed 17 Jun 2026; details checked 7 Nov 2026. Latest change: reduced on 30/09/2026.

Agent disclaimer

Disclaimer - Property reference GRT_GRT_LFSYCL_815_991525283. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Greetham Gilbert, Jesmond. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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