1 bed flat

This studio apartment is located on the second floor of Burgess House on St James Boulevard in Newcastle upon Tyne, within walking distance to Newcastle Central Station, universities, and city center. The compact 236 sq ft apartment is currently let and offers a straightforward turnkey investment opportunity with a sustained demand for studio accommodation in the area. The property benefits from double glazing, electric space heating, and hot water provided via the building's communal system. The estimated purchase costs are approximately £44,000, with a current rent of £175 per week, equivalent to a gross yield of 22.75%. The estimated annual net income is £3,040, with a net yield of 7.6% and a return on capital employed of 6.9%.