Studio apartment for sale

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

Full description

Size: 23.6 sqm

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

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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

Financial Performance*

Purchase price £60,000
Gross rent £6,075
Ground rent £250
Service charge £2,086
Lettings fees £612
Net income £3,126
Gross yield 10.12%
Net yield 5.21%

*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.

Studio apartment for sale

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

Purchase price £60,000
Gross rent £6,075
Ground rent £250
Service charge £2,086
Lettings fees £612
Net income £3,126
Gross yield 10.12%
Net yield 5.21%

Full description

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

TicksTenanted for immediate income
TicksPopular student development
TicksManaged by experienced student management - Fortis
TicksClose to local universities
TicksOnsite gym
TicksLaundry facilities
TicksLocal to all amenities

Amenities

Bicycle Storage Bicycle Storage
Bus Bus
City Centre City Centre
Close To Public Transport Close To Public Transport

*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.