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Burgess House, Saint James Boulevard, Newcastle Upon Tyne

Key features

  • Fully managed and hands-free investment opportunity
  • High yield student property (8.5% net rental income)
  • Perfectly located in the heart of Newcastle city centre
  • Two minutes walk to mainline train station
  • Two leading universities in close proximity

Description

Studio 315 Burgess House
St James Boulevard, Newcastle upon Tyne, NE1 4BW
Investment Opportunity - Tenanted Student Studio
Guide Price: £41,500

This well-presented buy-to-let investment property benefits from strong tenant demand due to its prime location, in close proximity to two leading universities, as well being located in the very heart of Newcastle city centre. For investors, one of the key appeals of Burgess House is that tenancies include both young professionals and students, ensuring a far wider tenancy reach for landlords.

Burgess House – Letting and Property Management
Having recently changed management over to Student FM, Burgess House has experienced significant improvements, and investors are now beginning to see the results of this. Studio 315 is currently tenanted at £680.00 per calendar month and delivers an estimated annual rental income of £7,820.00 gross.

Investment Summary
Property: Premium Studio – Studio 315
Tenure: Leasehold
Lease Remaining: Approx 238 years
Guide Price: £41,500
Current Rental Income: £680pcm (£7,820 per annum)
Lettings and management fees (8.5% plus VAT): £797.64
Ground Rent: £379.00 per annum
Service Charges: £3,109.00 per annum
Total net rental income: £3,534.36 (8.52% net rental yield)

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 net yield
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, Saint James Boulevard, Newcastle Upon Tyne

Approximate location
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Affordability

Monthly repayments£206
Property: £ 41,500
Deposit: £ 4,150
Interest rate: 5.22%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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About Pure, Manchester

The Lightwell, 61-63 Brown Street Manchester M2 2JG

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

Thinking Of Investing In Property In The UK?

We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-let properties and purpose built student accommodation, through to market leading off-plan developments in locations including Manchester, London, Birmingham and many more destinations throughout the UK.

Our focus is genuinely consultative, and regardless of whether you're a first time property investor or an institution, we aim to assist our clients in achieving their long term investment goals through property. Many of our client have worked with Pure Investor for many years, both purchasing and selling their investment properties through us.

Thinking Of Selling?

We're one of the UK's leading providers of tenanted buy-to-let properties, and as such if you are considering selling your investment property, but are not sure how to sell with tenants in situ, why not contact our team today to find out about our specialist resales service? We have a global network of property investors who are proactive in purchasing tenanted properties to add to their current portfolios.

Thinking Of Renting Your Property Out?

We have one of the regions fastest growing lettings portfolios, and our full service property management and lettings service is specifically designed to cater for the demands of more established landlords operating throughout the North West of England.

Regardless of whether you are looking to invest in property, or sell your buy-to-let, why not give our team of experienced property consultants a call today to find out more about our services?

We look forward to speaking with you!

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Disclaimer - Property reference PURNEWBURG315. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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