2.26 Burgess House

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.

Investment Summary

• Property: Premium Student Studio – Flat 2.26
• Tenure: Leasehold
• Lease Remaining: Approx 238 years
• Guide Price: £41,000
• Current Rental Income: £650pcm (£7,800 per annum)
• Tenancy Status: Full tenanted no arrears
• Ground Rent: £377.14 per annum
• Service Charges & Management Fees: £243.02pcm (£2,916.24 per annum)

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%

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

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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