Studio apartment

Burgess House, St James Boulevard, Newcastle, NE1 4BW

Size: 23.6 sqm

Purchase price

£58,000

Size: 23.6 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,075
Ground rent £250
Service charge £2,086
Lettings fees £612
Net income £3,126
Gross yield 10.47%
Net yield 5.39%

A perfect cash investment opportunity. Large self-contained studio with contemporary ensuite and fitted kitchenette in popular student development! Tenanted for 2018/19


Burgess House sits in the midst of Newcastle, a bustling student city. This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathroom.

Along with this the development boasts communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.

Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station.

Managed by experienced Student Lettings company, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.

The regional capital of North East England, Newcastle is one of the UK’s core cities and an integral part of the Northern Powerhouse.

Boasting international renown and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world.

The average occupancy rate for rental properties in Newcastle currently stands at more than 95%, with the city council warning that there will be a shortfall of almost 16,500 homes for rent by March 2030 if development fails to keep pace with demand, making now the best time to invest in the busy ever growing city of Newcastle

Interested in this property? Enquire today for more information

Key features

Key features

Tenanted for immediate income

Key features

Popular student development

Key features

Managed by experienced student management - Fortis

Key features

Close to local universities

Key features

Onsite gym

Key features

Laundry facilities

Key features

Local to all amenities

A perfect cash investment opportunity. Large self-contained studio with contemporary ensuite and fitted kitchenette in popular student development! Tenanted for 2018/19 More info...

Burgess House sits in the midst of Newcastle, a bustling student city. This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathroom.

Along with this the development boasts communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.

Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station.

Managed by experienced Student Lettings company, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.

The regional capital of North East England, Newcastle is one of the UK’s core cities and an integral part of the Northern Powerhouse.

Boasting international renown and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world.

The average occupancy rate for rental properties in Newcastle currently stands at more than 95%, with the city council warning that there will be a shortfall of almost 16,500 homes for rent by March 2030 if development fails to keep pace with demand, making now the best time to invest in the busy ever growing city of Newcastle

  • Key features
    Tick Desktop Tenanted for immediate income
    Tick Desktop Popular student development
    Tick Desktop Managed by experienced student management - Fortis
    Tick Desktop Close to local universities
    Tick Desktop Onsite gym
    Tick Desktop Laundry facilities
    Tick Desktop Local to all amenities
  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £6,075
Ground rent £250
Service charge £2,086
Lettings fees £612
Net income £3,126
Gross yield 10.47%
Net yield 5.39%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.