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See how verdicts work2-bedroom flat · NE1 6BG
For saleListed 306 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
I1 Real Estate is delighted to market this attractive two-bedroom, two-bathroom apartment located on the 8th floor of the esteemed 55 Degrees North apartment centre, accommodating breathtaking quayside views in the heart of Newcastle's city centre.
With convenient amenities such as an on-site concierge, lift access and close proximity to the central motorway junctions, this property offers both luxury and convenience.
The apartment features a spacious open-plan kitchen and living area, complete with modern lights, satin-cream painted walls and base units, with integrated appliances and stylish stainless-steel fixtures.
Dual aspect windows flood the space with natural light, reinforcing the inviting atmosphere – tuned for optimal relaxation.
Both bedrooms are generously sized doubles, with the master bedroom offering a convenient dressing area and ensuite shower room.
An Additional main bathroom is located through the hallway connecting all the rooms, which is complete with a full suite including an over-bath shower that caters to the needs of residents and guests alike.This property presents an ideal opportunity for investors, boasting a strong rental history with a current monthly income of £1150 Per Calendar Month.
Sold with a tenant in situ and no onward chain, this apartment offers a hassle-free investment option.
With 102 years remaining on the lease and an annual service charge of £2085, this is an investment opportunity not to be missed.
For further information please feel free to contact us via email or telephone. Property additional info Kitchen Bathroom 1 Living/Dining Room Bathroom 2 Bedroom 1 Bathroom 2 Bedroom 2
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Floor 8 - Flat 9, 55 Degrees North, Newcastle upon Tyne
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