1-bedroom flat · NE1 6BJ
Listing removedListed 265 days
Opportunity summary
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About
ONE BEDROOM CONTEMPORARY APARTMENT | IN THE HEART OF NEWCASTLE'S CITY CENTRE | Located in 55 Degrees North, this property has the City on it's doorstop, with access to all amenities and transport links.
Situated on the 9th floor, the apartment has expansive views to the east, lift access, allocated parking and part time concierge service.
The accommodation provides; Entrance hall, bathroom, open plan living/dining/kitchen and double bedroom. Offered with no onward chain. Consistent rental history with rental value of approx £1000 pcm.
Energy Efficiency Rating C. Council Tax Band C. Entrance Hall Storage cupboard housing hot water cylinder, entry phone system.
Open Plan Living/Kitchen Living Area Double glazed window with views towards the East, wall mounted electric heater, television aerial and telephone points.
Kitchen Area Range of wall and base units with roll edge worktop surfaces incorporating stainless steel single drainer sink unit with mixer tap, splashbacks, integrated electric oven and hob with extractor above, built in washing machine and dishwasher.
Bedroom Double glazed window, wall mounted electric heater, built in wardrobe with sliding doors.
Bathroom Panelled bath with shower above, wash hand basin, WC, tiled walls and flooring, extractor fan. Leasehold Information The 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. Please note the Living Room windows cannot be opened. Material Information Tenure: Leasehold.
The block is managed by 55 Degrees North Resident Management Company. Council Tax: Band C.
Authority; Newcastle City Council For current rates please visit; Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property.
Heating is via electric heaters.
Broadband: Follow the link to check broadband providers and speeds; Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Parking: There is an allocated parking space available with this property, fob and permit are required.
You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing.
Please note the lease can be made available upon request.
Value & comps
No previous sales on record.
Returns
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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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