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Property Listing Details

Studio for sale

Burgess House, 93-105 St James Boulevard, Newcastle Upon Tyne NE1

  • Investment

£35,000

Property details

  • 1 bathroom
  • 1 reception room

Features

  • Investment Property
  • Student Accommodation
  • First Floor Studio Apartment
  • Tenanted Until August 2019
  • £6,375 Annual Income
  • 11.6% Gross Yield
  • Residents Gym
  • Bike Parking
  • Entertainment Lounge
  • EPC Rating B

Listing view statistics

Last 30 days: 279 page views

Since listed: 1431 page views

Description

Guide price £35k - £45k
to go to sale by auction Tuesday 30th July ramside hotel durham 7PM

Studio Flat

Here is an excellent investment opportunity to purchase a studio apartment in a recently converted five storey student accommodation with secure entry system and concierge front desk with lift and stairs to all floors.

The apartment features fully-fitted kitchen with integrated hob, microwave and extractor hood, space for small dining table and chair.
There is a small study area with desk and chair and double bed with built in bedside table and cupboard. The shower room benefits from a white suite.

Communal areas offer the tenant Entertainment lounge, laundry room, Gym facilities and secure bike storage.

Property is let on a yearly basis by the management company and last year was let at £6,375.00 offering a superb potential yield of 15%.

Agents Note

Due to property type, this property is only suitable for cash buyers only.

Map & Nearby

Local Amenities

  • Newcastle 0.2 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 0.2 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:

  • £165,263
  • Price decrease

  • -£1,886
  • (-1.128%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £160,566
  • Properties sold

    74

Rental opportunities

£672 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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The Agent

Price history

Sold prices provided by Land Registry
24th Jun 2019 £35,000 Price reduced by £19,950
31st Jan 2019 £54,950 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Walton Robinson. 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 Walton Robinson for full details and further information.