Property photos
Leasehold
£45,000
Studio for sale
Burgess House, St James' Boulevard, Newcastle NE11 bath
1 reception
EPC rating: C
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.
Features and description
- Leasehold
- Generate Instant Income
- 7.42% Net Yield
- Popular Student Development
- Excellent Location
- Onsite Gymnasium
- Great Transport Links
- Close By To Local Amenities
- Communal Areas
Burgess House, St James' Boulevard, Newcastle, Ne1 4Bw
**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
We are pleased to present this opportunity to invest in this self-contained studio, situated in the popular student development Burgess House in the heart of Newcastle.
This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathrooms. Along with this, the development also has communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.
Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station. Managed by a reputable student lettings company, Xenia Estates, Burgess House is the perfect addition to any property investment portfolio.
Named the best-connected city in the UK outside of London, Newcastleâ€TMs position makes it a key location for students, so the demand for accommodation such as Burgess House is always growing.
With its reputation as an economic hub and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. This is a great investment opportunity, so make sure you enquire today to avoid missing out
Financial Breakdown
Gross Rent: £8,670.00
Net income: £3,710.56
Gross yield: 19.27%
Net yield: 8.25%
Please contact agent for full financial breakdown.
Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-07730
**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
We are pleased to present this opportunity to invest in this self-contained studio, situated in the popular student development Burgess House in the heart of Newcastle.
This former office block has now been transformed into 110 boutique Student Pods with personal fitted kitchen and en-suite bathrooms. Along with this, the development also has communal areas including a gymnasium, laundry room, secure bicycle storage and fully-equipped entertainment lounge, making this an ideal place to work and play.
Centrally located, students will find themselves close to local amenities, clubs and bars, as well as in good proximity to both universities and the train station. Managed by a reputable student lettings company, Xenia Estates, Burgess House is the perfect addition to any property investment portfolio.
Named the best-connected city in the UK outside of London, Newcastleâ€TMs position makes it a key location for students, so the demand for accommodation such as Burgess House is always growing.
With its reputation as an economic hub and some of the most affordable property prices in the UK, Newcastle has become a haven for property investors from around the world. This is a great investment opportunity, so make sure you enquire today to avoid missing out
Financial Breakdown
Gross Rent: £8,670.00
Net income: £3,710.56
Gross yield: 19.27%
Net yield: 8.25%
Please contact agent for full financial breakdown.
Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-07730
Floor plans and tours
Floor plans (1)
Tours
No virtual tour available
More information
Listed by
.png){kind=logo}
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.