Land · NE1 6BL
To rentListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SECURE CITY CENTRE PARKING SPACE | FOB ENTRY & ALLOCATED BAY | AVAILABLE IMMEDIATELY | An excellent opportunity to rent a secure, gated parking space within the popular 55 Degrees North development, ideally located in the heart of Newcastle city centre.
This allocated bay benefits from fob entry access, providing both convenience and added security. Perfect for commuters or city centre workers seeking reliable parking.
Early enquiry is recommended due to high demand for city centre parking. Tenant Fee: £90 inclusive of VAT. Damage Deposit: £200.00. (Required for fob and permit).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, NE1
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