Studio apartment

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

Size: 18.8 sqm

Purchase price

£32,500

Size: 18.8 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,170
Ground rent £200
Service charge £2,259
Lettings fees £682
Net income £2,028
Gross yield 15.91%
Net yield 6.24%

Tenanted student investment opportunity offering instant income in popular development – Burgess House is situated in the heart of Newcastle with impressive NET yields over 6%!


**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

Key features

Earn instant income

Key features

Studio apartment

Key features

Fully furnished

Key features

Third floor

Key features

Excellent location

Key features

Great transport links

Key features

Onsite gymnasium

Key features

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 6%! More 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.

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop Studio apartment
    Tick Desktop Fully furnished
    Tick Desktop Third floor
    Tick Desktop Excellent location
    Tick Desktop Great transport links
    Tick Desktop Onsite gymnasium
    Tick Desktop Close to university
  • 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 £5,170
Ground rent £200
Service charge £2,259
Lettings fees £682
Net income £2,028
Gross yield 15.91%
Net yield 6.24%

*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.