£56,500
Est. Mortgage £258 per month*
Studio flat for sale
St. James Boulevard, Newcastle upon Tyne NE1
studio Flat Property description
Pure Investor are delighted to present a tenanted premium student studio for sale in the extremely popular Burgess House, Newcastle.
Located on St James Boulevard, students at Burgess House have the city centre on their door-step and both Northumbria University and Newcastle University are just a 20 minute walk through the city centre.
Burgess House - Investment Highlights
Purchase for just £56,500
Tenanted at £170.00 per week (51 weeks)
7.2% NET rental yield
City centre location – popular with students
Array of on-site facilities
Large student premium studio
Close to two leading universities
Leading student management company
51 weeks x £170.00 AST
Ground Rent: £281.72 per annum
Service Charge: £3,416.82 per annum
Lettings Fee: 8.5% plus VAT (£884.34)
Estimated Completion: Completed
With Newcastle Central Station just around the corner, students can also travel to Sunderland in under 30 minutes. Burgess House is home to 110 students each year, offering a range of residencies, including budget-friendly premium studios, to our spacious deluxe apartments.
Purchase Process
Reserve unit with a signed reservation form and pay a non-refundable £2,000 reservation fee
Instruct solicitors
Balance to be paid on completion (less reservation fee paid)
Located on St James Boulevard, students at Burgess House have the city centre on their door-step and both Northumbria University and Newcastle University are just a 20 minute walk through the city centre.
Burgess House - Investment Highlights
Purchase for just £56,500
Tenanted at £170.00 per week (51 weeks)
7.2% NET rental yield
City centre location – popular with students
Array of on-site facilities
Large student premium studio
Close to two leading universities
Leading student management company
51 weeks x £170.00 AST
Ground Rent: £281.72 per annum
Service Charge: £3,416.82 per annum
Lettings Fee: 8.5% plus VAT (£884.34)
Estimated Completion: Completed
With Newcastle Central Station just around the corner, students can also travel to Sunderland in under 30 minutes. Burgess House is home to 110 students each year, offering a range of residencies, including budget-friendly premium studios, to our spacious deluxe apartments.
Purchase Process
Reserve unit with a signed reservation form and pay a non-refundable £2,000 reservation fee
Instruct solicitors
Balance to be paid on completion (less reservation fee paid)
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First listed
Over a month agoSt. James Boulevard, Newcastle upon Tyne NE1
Marketed by
Pure Investor - Pure investor The Forum Tameside Business Park, Windmill Lane, Denton, Manchester M34 3QSCall agent on 0161 506 6487
St. James Boulevard, Newcastle upon Tyne NE1 - Streetview
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