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Property Listing Details

Property details

  • 1 bathroom
  • 2 reception rooms

Listing view statistics

Last 30 days: 78 page views

Since listed: 1138 page views

Description

We are pleased to present this luxury boutique student investment opportunity in Burgess House located in Newcastle. The development is a former office block which has been transformed into an amazing popular student hotspot.

The contemporary student room comprises of a fully fitted modern kitchen en-suite as well as a study area and smart TV. The development offers great communal areas including an onsite private residents’ gym, laundry room, secure bicycle storage and a fully equipped entertainment lounge all fitting with the sleek opulence of the building.

The popularity of the development helps by it being so 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 city of Newcastle has been 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. 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.

Financial Breakdown

Gross rent: £6,375
Ground rent: £200
Service charge: £3,466
Lettings fees: £612
Net income: £2,097
Gross yield: 12.76%
Net yield: 4.2%

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.

Yieldit ref: Yl-12885

Map & Nearby

Local Amenities

  • Newcastle 0.3 miles
  • Manors 0.8 miles
  • Our Lady and St Anne's RC Primary School 0.2 miles
  • St Paul's CofE Primary School 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Newcastle 0.3 miles
  • Manors 0.8 miles
  • Our Lady and St Anne's RC Primary School 0.2 miles
  • St Paul's CofE Primary School 0.3 miles

Market stats

Sale activity

Average estimated value for a flat in NE1:

  • £174,344
  • Price decrease

  • -£27
  • (-0.015%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £161,434
  • Properties sold

    43

Rental opportunities

£680 pcm

Recent sales nearby

See all recent sales in NE1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Developer

Price history

Sold prices provided by Land Registry
6th Nov 2019 £49,950 Price reduced by £6,050
26th Oct 2018 £56,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.