Studio apartment

St James' Boulevard, Newcastle

Size: 21.7 sqm

Purchase price

£40,000

Size: 21.7 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,630
Ground rent £282
Service charge £2,536
Lettings fees £796
Net income £3,016
Gross yield 16.58%
Net yield 7.54%

**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!

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 kitchens 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, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

PERFECT STUDENT PROPERTY INVESTMENT OPPORTUNITY GENERATING A 7.54% NET YIELD! A studio apartment with kitchen and en-suite in the popular Burgess House, Newcastle. Enquire today to avoid disappointment.

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

Key features

Excellent location

PERFECT STUDENT PROPERTY INVESTMENT OPPORTUNITY GENERATING A 7.54% NET YIELD! A studio apartment with kitchen and en-suite in the popular Burgess House, Newcastle. Enquire today to avoid disappointment. 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!

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 kitchens 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, Fortis Developments, Burgess House is the perfect addition to any property investment portfolio.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

  • 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
    Tick Desktop Excellent location
  • 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 £6,630
Ground rent £282
Service charge £2,536
Lettings fees £796
Net income £3,016
Gross yield 16.58%
Net yield 7.54%

*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.