2-bedroom flat · NE1 6BF
For saleListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This immaculate fifth-floor flat is situated within the iconic 55 Degrees North development in Newcastle upon Tyne, offering two double bedrooms and two bathrooms.
The property is ideal for first time buyers and investors seeking a well-presented home in a sought after city centre location.
The open-plan kitchen creates a practical living and dining space, well suited to modern lifestyles.
The main double bedroom benefits from an en-suite shower room and built-in wardrobes, while the second double bedroom provides flexible accommodation for guests, sharers or a home office.
A further bathroom serves the second bedroom and living area. The building features lift and security access.
Located in the heart of Newcastle, the development is within easy reach of local amenities, restaurants, bars and shops around the city centre, Quayside and Grey Street.
Green space is available nearby at Leazes Park and Exhibition Park, offering attractive areas for walking and leisure. Public transport links are a key advantage of this address.
Manors and Central Station Metro stops, as well as Newcastle Central rail station, provide frequent services across Tyneside and to regional and national destinations, including regular trains to Durham, York, Edinburgh and London.
Typical rail journey times to London are from around three hours. Bus connections are extensive throughout the city and wider region. The property falls within Council Tax Band D.
This well-located flat combines modern city living with convenient access to Newcastle’s commercial, leisure and transport facilities.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 5/10 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne
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