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Property Listing Details

Property details

  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 0 page views

Since listed: 259 page views

Description

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.

The development also 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.

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.

Managed by experienced Student Lettings company, Fortis Student Living, Burgess House is the perfect addition to any property investment portfolio with a net Yield of 7.86%.

Financial Breakdown

Gross rent: £6,890
Ground rent: £200
Service charge: £1,932
Lettings fees: £909
Net income: £3,849
Gross yield: 13%
Net yield: 7.26%

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-13661

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 increase

  • £502
  • (0.289%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £161,434
  • Properties sold

    43

Rental opportunities

£667 pcm

Recent sales nearby

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Estimated running costs

Based on available 3rd party data

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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
21st Jun 2019 £55,000 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.