1-bedroom flat · NE1 6BJ
Sold STCListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** PANORAMIC VIEWS ***Cloud Estates welcome to the Sales market this one bedroom 9th floor apartment within 55 Degrees North and is ideally situated for easy access to all Newcastle city centre amenities, Universities, rail and other transport links.This property comprises of a secure entrance foyer, lifts and stairs to all floors.
Front door with hallway leading to the open plan living space and kitchen, the kitchen is equipped with built in hob, oven, extractor fan, integrated dish washer, fridge and washing machine, modern bathroom with bath with shower over, WC and hand wash basin and the double bedroom with fitted wardrobes.
HALLWAY 1.033M X 4.05M LIVING SPACE/KITCHEN 2.30M X 9.7M BEDROOM 3.18M X 4.14M BATHROOM 1.80M X 2.4M ** GROSS YIELD 12% ** ACHIEVABLE RENT £1100 PCM The property is all electric with the most fantastic views across the City and River Tyne East to West The development does offer a lobby with concierge service.
There is one parking included in the basement car park. Please contact Liane to arrange your viewing with Cloud Estates.
EXTRA INFORMATION Leasehold InformationThe lease is 125 years from 24/06/02, approximately 102 years remaining.
The service charge is £2595.92 per annum approximately (2025) with a ground rent of £200. We have been advised the ground rent is fixed throughout the term and does not increase.
Please be advised that we have not inspected the head lease.
We advise to instruct your solicitor to review the lease for any restrictive covenants and to confirm the service charges.Tenure: Leasehold.
The block is managed by 55 Degrees North Resident Management Company.Parking: There is an allocated parking space available with this property, fob and permit are required.
Value & comps
No previous sales on record.
Returns
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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 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne
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