2-bedroom flat · NE1 6BG
For saleListed 571 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Seventh Floor Apartment**Two Bedrooms**Car Parking** Originally constructed in the 1960’s for British Telecom, Swan House was dramatically remodelled in 2003 to create 55 Degrees North.
This iconic landmark apartment building enjoys easy access to both Newcastle City Centre and Quayside amenities and provides residents with an on-site concierge, smart communal areas, and lift access.
Occupying an seventh-floor position with an easterly aspect and magnificent city views, this impressive apartment exceeds 800 square feet.
The property enjoys a Communal Entrance and includes a Private Reception Hall with a walk-in Utility Cupboard, a 20ft open-plan Living Room / Dining Room and Kitchen, a Main Bedroom with a Dressing Area with built-in wardrobes and an En-Suite Shower Room, a Second Double Bedroom, and a Bathroom.
With double glazing, electric heating, car parking, and on onward chain, viewing is highly recommended. Council tax band D. Material Information: See Material Information Report
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 7/7 55 Degrees North,, Pilgrim Street, Tyne and Wear
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