Studio

St James' Boulevard, 
Newcastle, 
NE1 4BW
Purchase price
£50,000
  • Tenanted
GENERATE A NET YIELD ABOVE 7% WITH THIS FANTASTIC STUDENT INVESTMENT! A fully-furnished studio apartment in the popular Burgess House, Newcastle. Don't miss out and enquire today.
  • Financial Performance*
Gross rent
£8,670
Ground rent
£276
Service charge
£3,799
Lettings fees
£884
Net income
£3,711
Gross yield
17.34%
Net yield
7.42%
  • Key Features
  • Generate Instant Income
  • 7.42% Net Yield
  • Popular Student Development
  • Excellent Location
  • Onsite Gymnasium
  • Great Transport Links
  • Close By To Local Amenities
  • Communal Areas

**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, Newcastle’s 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 Performance *
Gross rent
£8,670
Ground rent
£276
Service charge
£3,799
Lettings fees
£884
Net income
£3,711
Gross yield
17.34%
Net yield
7.42%
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
  • Location
  • EPC
Energy Performance Rating