£56,500

Studio for sale

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Leasehold

Guide price

£56,500

Studio for sale

St James Boulevard, Newcastle Upon Tyne NE1

1 bath
EPC rating: C
Tenure
Leasehold
Time remaining on lease
240 years
Service charge
£3,417 per year
Council tax band
Ask agent
Ground rent
£282
Ground rent date of next review
Ask agent

Local area information

Property location

Nearby amenities

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

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Newcastle to find out more about the area.

Features and description

  • Leasehold
  • Walking distance to two major universities
  • Leading student property management company in place
  • Two minutes walk to mainline train station
Pure Investor are delighted to present a tenanted premium student studio for sale in the extremely popular Burgess House, Newcastle.

Located on St James Boulevard, students at Burgess House have the city centre on their door-step and both Northumbria University and Newcastle University are just a 20 minute walk through the city centre.

Burgess House - Investment Highlights
Purchase for just £56,500
Tenanted at £170.00 per week (51 weeks)
7.2% net rental yield
City centre location – popular with students
Array of on-site facilities
Large student premium studio
Close to two leading universities
Leading student management company

51 weeks x £170.00 AST
Ground Rent: £281.72 per annum
Service Charge: £3,416.82 per annum
Lettings Fee: 8.5% plus VAT (£884.34)
Estimated Completion: Completed

With Newcastle Central Station just around the corner, students can also travel to Sunderland in under 30 minutes. Burgess House is home to 110 students each year, offering a range of residencies, including budget-friendly premium studios, to our spacious deluxe apartments.

Purchase Process
Reserve unit with a signed reservation form and pay a non-refundable £2,000 reservation fee
Instruct solicitors
Balance to be paid on completion (less reservation fee paid)

There are some planning applications within 0.5 miles of this home

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

  1. Zoopla
  2. For sale
  3. Tyne & Wear
  4. Newcastle upon Tyne
  5. Newcastle City Centre
  6. Eldon Square
  7. St. Georges Way

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