Summary - 55 DEGREES NORTH 8/11 PILGRIM STREET NEWCASTLE UPON TYNE NE1 6BG
1 bed 1 bath Flat
Chain-free, allocated parking and solid rental potential near universities.
Eighth-floor one-bedroom flat with lift access
Bright eighth-floor one-bedroom flat in the city centre, offered chain-free with allocated underground parking. The open-plan living area and kitchen face city views and benefit from double glazing and lift access — practical for short-term lets or city professionals. EPC grade C and a 101-year lease provide clarity on running costs and tenure.
Running costs merit attention: an average annual service charge of around £4,000 and electric room heaters instead of a central system. Crime levels in the immediate area are very high, so security-conscious buyers or landlords should factor in potential insurance and management costs.
This property suits investors targeting the multicultural, student-heavy rental market or buyers wanting a compact city-base with easy transport links. The building’s modernist construction and communal facilities make it low-maintenance structurally, though internal redecoration or heating upgrades could improve rental appeal and value.
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