Burgess House, St James' Boulevard, Newcastle, NE1 4BW
Size: 18.8 sqm
Purchase price
£32,500
Size: 18.8 sqm
Tenanted
Gross rent | £5,738 |
Ground rent | £200 |
Service charge | £2,260 |
Lettings fees | £757 |
Net income | £2,520 |
Gross yield | 17.65% |
Net yield | 7.75% |
Tenanted student investment opportunity offering instant income in popular development – Burgess House is situated in the heart of Newcastle with impressive NET yields over 7%!
**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
We are pleased to present this opportunity to invest in this self-contained studio, situated in the popular student accommodation Burgess House in the ever-popular Newcastle.
This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathrooms. 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, Xenia Estates, Burgess House is the perfect addition to any property investment portfolio.
Named the best-connected city in the UK outside of London, Newcastle’s position, nestled on the North-East coast next to the North Sea, makes it a key location for students, so the demand for accommodation such as Burgess House is always growing.
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. Don’t miss out by letting this great opportunity pass by! Enquire now for more information.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Interested in this property? Enquire today for more information
Key features
Earn instant income
Studio apartment
Fully furnished
Onsite gymnasium
Communal areas
Excellent location
Great transport links
Shops, bars and amenities nearby
Close to university
Tenanted student investment opportunity offering instant income in popular development – Burgess House is situated in the heart of Newcastle with impressive NET yields over 7%! More info... Less info...
**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
We are pleased to present this opportunity to invest in this self-contained studio, situated in the popular student accommodation Burgess House in the ever-popular Newcastle.
This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathrooms. 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, Xenia Estates, Burgess House is the perfect addition to any property investment portfolio.
Named the best-connected city in the UK outside of London, Newcastle’s position, nestled on the North-East coast next to the North Sea, makes it a key location for students, so the demand for accommodation such as Burgess House is always growing.
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. Don’t miss out by letting this great opportunity pass by! Enquire now for more information.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
*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.
Gross rent | £5,738 |
Ground rent | £200 |
Service charge | £2,260 |
Lettings fees | £757 |
Net income | £2,520 |
Gross yield | 17.65% |
Net yield | 7.75% |
*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.
Not to worry though, the Professor has picked out some similar properties that you might be interested in
Burgess House, St James Boulevard, Newcastle, NE1 4BW
Annual rent | £2,028 |
Net yield | 6.24% |
Burgess House, St James' Boulevard, Newcastle, NE1 4BW
Annual rent | £2,520 |
Net yield | 7.75% |
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yieldit is a company registered in England and Wales. Registered number: 5236745.