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Studio for sale

£66,000 Guide price

St James Boulevard, Newcastle NE1

1
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Property description

Located on St James Boulevard, Burgess House is just a short walk away from the City Center where local amenities, bars and restaurants can be found. Northumbria University and Newcastle University are just a 20 minutes walk away and Newcastle Central Station is just around the corner meaning students can also commute to The University of Sunderland in just 30 minutes.

Ideal hands off investment as the property comes fully let and managed by the development company.

The building comes equipped with onsite Gymnasium, Laundry Room, Car Parking, Entertainment Lounge and Cinema Room.

The apartment features include a fully-fitted kitchen with integrated appliances, Study area, en-suite bathroom, and smart TV.

Lease- 250 years from 2014
Ground Rent: £200pa
Service Charge: £2,300.00 pa approx. Inc bills
Management Fee: 8%+Vat
Market activity
Average price paid £158,588 Sales 95 Current average value £165,415 (Zoopla Zed-Index) Value change -£4,014 ▼ -2.37%

Property value data/graphs for NE1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £220,437 - 2.6 £157,500
Semi-detached £163,710 - 2.8 -
Terraced £216,020 £190 3.0 £265,250
Flats £163,577 £232 1.9 £156,069

Current asking prices in NE1

Average: £173,519
Avg. current asking prices in NE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - £329,500
(2)
- -
Flats £113,145
(37)
£186,640
(87)
£329,620
(6)
£595,000
(1)
-
All £113,145
(37)
£186,640
(87)
£329,590
(8)
£595,000
(1)
-

Current asking rents in NE1

Average: £1,026 pcm
Avg. current asking prices in NE1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £565 pcm
(18)
£995 pcm
(7)
£1,283 pcm
(3)
£1,915 pcm
(3)
£1,731 pcm
(2)
Flats £666 pcm
(205)
£1,037 pcm
(237)
£1,374 pcm
(57)
£1,672 pcm
(27)
£1,995 pcm
(17)
All £658 pcm
(223)
£1,035 pcm
(244)
£1,369 pcm
(60)
£1,697 pcm
(30)
£1,967 pcm
(19)

Fun facts for NE1

Highest value in NE1
Highest value streets Zed-Index
Grey Street £300,856
Leazes Crescent £258,621
Akenside Hill £249,818
Queens Lane £231,885
Quayside £219,382
Highest turnover in NE1
Highest turnover streets Turnover
Monk Street 60.0%
Milk Market 39.1%
Friars 37.5%
Manor Chare 35.6%
Love Lane 32.4%

What Zoopla users think of Newcastle upon Tyne

Overall rating:

  • currently 4 stars
Very good - 81% (243 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Newcastle upon Tyne:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Newcastle (0.2 miles)
  • Manors (0.8 miles)
  • Dunston (1.4 miles)
  • Newcastle Airport (5.7 miles)
  • Durham Tees Valley Airport (32.6 miles)
  • Leeds Bradford International Airport (76.2 miles)
  • Newcastle International Ferry Terminal (7.1 miles)
  • North Shields Ferry Terminal (7.5 miles)
  • South Shields Ferry Terminal (7.5 miles)

Nearby schools

View all schools in Newcastle upon Tyne
  • Our Lady and St Anne's RC Primary School (0.2 miles)
  • St Paul's CofE Primary School (0.3 miles)
  • Hawthorn Primary School (0.6 miles)
  • Discovery School (0.1 miles)
  • Trinity Solutions Academy (1.6 miles)
  • Gosforth Academy (3.1 miles)
  • Royal Grammar School (1.2 miles)
  • Newcastle High School for Girls (1.3 miles)
  • Northern Counties School (1.6 miles)
Note: Distances are straight line measurements

Local info for Newcastle upon Tyne

About the neighbours in NE1

AskMe Q&A for Newcastle upon Tyne

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Arrange Viewing

For more information about this property, please contact
Direct Marketplace Limited, M1 on +44 330 098 9774 * (local rate)

Monthly running costs Beta

£428 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,600
Repayment term 25
Interest rate 1.5
Your payment £237 /mo How Much Could I Borrow

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.

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

Home Insurance

Contents value up to £75,000 Average insurance cost £9/mo (£106/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £21 Electricity £26 Estimated energy cost £47/mo

Similar properties could save up to £163

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6300 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Newcastle upon Tyne

Estimated tax band A Council tax cost £112 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £10 Sewerage £13 Estimated water cost £23 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Direct Marketplace Limited about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Direct Marketplace Limited, and do not constitute property particulars. Please contact Direct Marketplace Limited for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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