Offers in region of
£127,000
1 bed flat for sale6/11, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne NE1
1 bed
1 bath
1 reception
EPC Rating: C
- Leasehold
Bricks & Mortar
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About this property
Offer in the Region of £127,000
Great Investment opportunity
Private allocated parking
6.69% Net rental yield
Close to local transport links and amenities
Currentlly tenanted
City Centre Apartment
Fantastic City View
Current rent of £950pcm
Lift access
Offers in the Region of £127,000: Bricks & Mortar presents this stylish one-bedroom apartment in 55 Degrees North, which offers modern living in the heart of Newcastle upon Tyne. It is an excellent opportunity for investors.
Situated in the heart of the city centre, this well-presented sixth-floor apartment offers an excellent opportunity for investors seeking strong rental returns in a prime location.
The property features a spacious double bedroom and a bright open-plan living and kitchen area, designed to maximise both space and natural light. Elevated city views provide an attractive outlook, enhancing its appeal to tenants seeking modern urban living.
Additionally the property includes allocated private ground floor parking within a secure parking garage - a valuable asset in a central location adding to the convenience and ease of this property.
Offered at offers in the region of £127,000, the property is available to investors and currently achieves an impressive net rental yield of 7.12%, making it a compelling turnkey investment opportunity in a high-demand area.
Property Disclaimer
Disclaimer – These particulars are for guidance only and do not form part of any contract. Whilst care has been taken in their preparation, we do not hold ourselves responsible for any inaccuracies. They are issued on the understanding that all negotiations will be conducted through this company.
Bricks & Mortar Group Give Notice That;- 1. These particulars do not constitute any part of an offer or a contract. 2. All statements contained in these particulars to this property are made without responsibility on the part of the Agents or the Vendor/Lessor. 3. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4. The particulars, various plans, photographs, descriptions and measurements have been carefully prepared, but their accuracy is not guaranteed and any intending Purchasers/Lessees shall satisfy themselves by inspection or otherwise as to their correctness. No omission, accidental error or misdescription shall be a ground for a claim neither for compensation nor the recession of the Contract by either the Vendor/Lessor or the Purchaser/Tenant. 5. Neither the Vendor/Lessor nor Bricks & Mortar Group nor any person in employment has any authority to make or give any representation or warranty in relation to the property. 6. The copyright of all details, photographs and floorplans remain exclusive to Bricks & Mortar Group and no third party shall use these without express written consent by the company.
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More information
Tenure
Leasehold (975 years)
Service charge
£2,699 per year
Council tax band
C
Ground rent
£200
Ground rent date of next review