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St. James Boulevard, Newcastle Upon Tyne 1 bed apartment for sale
St. James Boulevard, Newcastle Upon Tyne
£40,000
St. James Boulevard, Newcastle Upon Tyne
£40,000
Our Summary
- The property holds an EPC rating of D with a score of 62, with potential to improve to a C rating of 72
Description
This studio apartment is located on the second floor of Burgess House, in a highly central Newcastle position, within easy reach of the city's core retail and leisure districts. The property is currently let and provides a straightforward turnkey investment, with sustained demand for studio accommodation in the area. The apartment extends to approximately 236 sq ft and is arranged as an open-plan living and sleeping area with kitchenette, alongside a separate shower room. The property benefits from double glazing, electric space heating, and hot water provided via the building's communal system. With an estimated annual gross yield of 22.75% and a net yield of 7.6%, this property presents a fantastic investment opportunity for those looking to generate a strong return on their capital.