Burgess House, St James Boulevard, Newcastle Upon Tyne
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Generate immediate income from completion
- Impressive 10% NET return
- Self contained student studio
- Full management in place
- Hands off investment
- Fully furnished
- Tenanted for the 2025 academic year
- Onsite residents gym and communal areas
- Excellent location
- Popular development
Description
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 Breakdown
Gross Rent: £9,690.00
Net income: £4,451.21
Gross yield: 22.28%
Net yield: 10.23%
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-07947
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Burgess House, St James Boulevard, Newcastle Upon Tyne
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Visit our security centre to find out moreDisclaimer - Property reference YL-07947. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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