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
Gross rent: £6,075 Ground rent: £250 Service charge: £2,086 Lettings fees: £583 Net income: £3,155 Gross yield: 12.16% Net yield: 6.32%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.