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£42,500

Studio for sale Burgess House, St James' Blvd, St James' Blvd, Newcastle Upon Tyne NE1

1 bath
1 reception
  1. Property photo 1 of 12. Image: 0

Property location

Nearby amenities

  • Our Lady and St Anne's RC Primary School0.2 miles
  • Newcastle0.2 miles
  • St Paul's CofE Primary School0.3 miles
  • Manors0.8 miles

Features and description

Earn instant incomne on this tenanted student investment - already tenanted for 21/22 academic term! A luxury self-contained studio apartment in one of the UK's biggest and best student cities!

This outstanding student studio apartment is equipped with contemporary fixtures and fittings and provides students with a kitchenette and study space, allowing them to be self sufficient. Residents of Burgess House benefit from the numerous communal areas including a social area, resident's only gym, a cinema room and games room. Burgess House also has its own laundry room, secure bicycle storage, CCTV and Wi-Fi. It's no surprise that this development is so popular with Newcastle's student community!

Burgess House is ideally located within walking distance from Newcastle University, Newcastle train station and the local Metro light railway station, as well as Newcastle's main shopping centre and all the amenities and the nightlife that Newcastle has to offer. Newcastle has a legendary reputation when it comes to student lifestyle as the huge numbers of young people who flock to the city can attest to.

​Newcastle is one of the UK’s biggest and best student cities, with an impressively large student body of more than 49,000 students and an international reputation for innovation and research. There is a huge demand for high quality student accommodation in the city, but unfortunately there is a significant lack of available apartments for students who are looking for the best possible living experience.

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

Financial Breakdown

Gross rent: £6,630
Ground rent: £250
Service charge: £2,259
Lettings fees: £875
Net income: £3,245
Gross yield: 17.92%
Net yield: 8.77%

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-0011

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