Burgess House, St. James Boulevard, Newcastle Upon Tyne
- PROPERTY TYPE
Studio
- SIZE
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Key features
- Tenanted student studio
- £650pcm rental income
- 19% gross yield
- Prime city centre location
- Long lease ~238 years
- Strong student demand
Description
St James Boulevard, Newcastle upon Tyne, NE1 4BW
Investment Opportunity - Tenanted Student Studio
Guide Price: £41,000
A fantastic opportunity to acquire a fully tenanted premium student studio apartment within the highly popular Burgess House development, ideally positioned on St James Boulevard in the heart of Newcastle city centre.
This well-presented student investment property benefits from strong tenant demand due to its prime location, with both Newcastle University and Northumbria University approximately a 20-minute walk away through the city centre. Excellent transport links also provide access to Sunderland in under 30 minutes.
Burgess House accommodates approximately 110 students annually and offers a variety of modern student accommodation options, ranging from premium studios to spacious deluxe apartments.
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Investment Summary
Details Information
Property Premium Student Studio - Flat 2.26
Tenure Leasehold
Lease Remaining Approx. 238 Years
Guide Price £41,000
Current Rental Income £650 PCM (£7,800 per annum)
Tenancy Status Fully Tenanted - No Arrears
Ground Rent £377.14 per annum
Service Charge & Management £243.02 PCM (£2,916.24 per annum)
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Yield Analysis
Gross Yield
• Annual Rental Income: £7,800
• Purchase Price: £41,000
Gross Yield: 19.02%
Net Yield
• Annual Rental Income: £7,800
• Less Ground Rent: £377.14
• Less Service Charge & Management: £2,916.24
• Net Annual Income: £4,506.62
Net Yield: 11%
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Investment Highlights
• Prime Newcastle city centre location
• Walking distance to major universities
• Strong and consistent student rental demand
• Long leasehold term remaining
• Tenant currently in situ with no arrears
• Immediate income-producing investment
• Professionally managed student development
• Attractive double-digit net yield
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Accommodation
The studio apartment comprises a modern open-plan living and sleeping area, incorporating a fitted kitchenette, study space, and contemporary shower room. The development is specifically designed to cater to student living, offering practical and affordable accommodation in a highly desirable location.
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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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Energy performance certificate - ask agent
Burgess House, St. James Boulevard, Newcastle Upon Tyne
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Visit our security centre to find out moreDisclaimer - Property reference 2.26-Burgess-House. 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 Pure, 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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