St James' Boulevard, Newcastle
Size: 21.7 sqm
Purchase price
£40,000
Size: 21.7 sqm
Tenanted
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
Tenanted for immediate income
Popular student development
Managed by experienced student management - Fortis
Close to local universities
Onsite gym
Laundry facilities
Local to all amenities
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... 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!
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.
*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 | £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.
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© 2022 yieldit | Privacy Policy | Terms & Conditions | Complaints Procedure
yieldit is a company registered in England and Wales. Registered number: 5236745.