£40,000

Studio for sale

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Leasehold

Offers in region of

£40,000

Studio for sale

Burgess House, Newcastle NE1

1 bath
EPC rating: C

Key Information

Tenure:
Leasehold (Ask agent)
Service charge:
Council tax band:
Ground rent:
Ground rent date of next review:

Local area information

Property location

Nearby amenities

  • Our Lady and St Anne's RC Primary School 0.2 miles
  • Newcastle 0.2 miles
  • St Paul's CofE Primary School 0.3 miles
  • Manors 0.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Newcastle and Gateshead to find out more about the local area.

Features and description

  • Leasehold
  • Investment opportunity (cash buyers only)
  • Third floor studio apartment
  • Student accomodation
  • 13% gross yield*
  • Stylish fitted kitchen
  • Shower room
  • Residents gym and entertainment lounge
Calling all cash buyers!

This premium studio apartment for student accommodation only, provides A 13% gross return!*

Set on the third floor of this recently converted, five storey city centre development. The communal area offers a gym, entertainment lounge, laundry room, communal courtyard, secure bike storage and lift/stair access to all floors.

The apartment features a fully fitted stylish kitchen, with integrated hob, microwave and extractor hood, study area with desk and chair, double bed with built in bedside tables, large storage cupboard and shower room. Flat screen TV and intercom entry system are just some of the modern features of this apartment. Book a viewing now to avoid disappointment!

*This flat is currently tenanted at £110 per week

Please note, leasehold charges are as follows:
Ground rent - £287 per annum
Service charge - £2,536.44 per annum.

Images used within this advert are of a similar apartment in the building.

Location

Burgess House is situated on St James Boulevard which is within a short walking distance to Newcastle City Centre, offering a wide variety of amenities, bars, restaurants and major transport links, including Newcastle central train station. Newcastle and Northumbria University campuses are within close proximity, making it the perfect location for students.

Property Ownership Information

Tenure

Leasehold

Council Tax Band

C

Annual Ground Rent

£287.00

Ground Rent Review Period

Every 10 years

Annual Service Charge

£2,536.00

Service Charge Review Period

Every 10 years

Lease End Date

01/01/3021

Disclaimer For Virtual Viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

There are some planning applications within 0.5 miles of this home

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Floor plans and tours

Floor plans (1)

Floor plan 1

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Listed by

Purplebricks, Head Office

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  1. Zoopla
  2. For sale
  3. Tyne & Wear
  4. Newcastle upon Tyne
  5. Newcastle City Centre
  6. Eldon Square
  7. St. Georges Way

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