Summary - 55 DEGREES NORTH 7/7 PILGRIM STREET NEWCASTLE UPON TYNE NE1 6BG
2 bed 2 bath Apartment
Seventh-floor two-bedroom with parking and concierge—central Newcastle investment opportunity..
Seventh-floor city-view apartment, approximately 800 sq ft
Two double bedrooms, en-suite to principal and separate bathroom
Open-plan 20ft living/dining/kitchen with large windows
Dedicated off-street parking and on-site concierge
Lift access and secure communal areas; no onward chain
Leasehold: 101 years remaining; service charge ~£3,391 pa
Ground rent £200 pa; electric room heaters (higher energy costs)
Local area records very high crime—consider security/insurance costs
Set on the seventh floor of the iconic 55 Degrees North, this two-bedroom apartment delivers clear city views, generous living space and dedicated parking—features that appeal to investors seeking central Newcastle rental stock. Remodeled from a 1960s structure in 2003, the apartment offers an open-plan 20ft living/dining/kitchen, main bedroom with dressing area and en-suite, a second double bedroom and a separate bathroom across about 800 sq ft.
Practical benefits include lift access, on-site concierge, double glazing and private off-street parking—valuable for city-centre tenants or short-term lets. The property is sold with no onward chain and a 101-year lease remaining, simplifying purchase and occupation or re-letting in a popular, well-connected area close to the Quayside and city amenities.
Buyers should note material running costs and local safety context: the development’s service charge is approximately £3,391 per year and ground rent is £200 annually. Heating is by electric room heaters (no communal gas or central heating), which can mean higher energy costs. The immediate area records a very high crime level; this can affect tenant mix, insurance and management considerations.
Overall, this apartment offers strong central location and lettability for those prepared to factor in service charges, electric heating and local security context. It suits investors targeting students, professionals, or couples seeking modern city living with private parking and concierge services.
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