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Map1 bedroom apartment for sale
St. James Boulevard, Newcastle Upon Tyne
Added yesterday
Apartment
1 bed
1 bath
Key information
Features and description
- City centre investment studio in Newcastle NE1
- Let at £175 per week, £9,100 per annum income
- Net yield circa 7.6 percent after costs
- EWS1 B1 rating in place, no remedial works required
- AST in place until August 2026
- Strong demand location close to Central Station and universities
- Turnkey buy-to-let opportunity
Studio Apartment, Burgess House, St James Boulevard, Newcastle upon Tyne - Fantastic Yield!
Overview
Located on the second floor of Burgess House, this compact studio apartment provides practical, self-contained accommodation in a highly central Newcastle position. Set on St James Boulevard, the property is within easy reach of Newcastle Central Station, the universities and the city’s core retail and leisure districts. The apartment is currently let and presents a straightforward turnkey investment, with sustained demand for studio accommodation in this part of the city.
The Accommodation
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.
Tenure and Title
The property is held on a long leasehold of 250 years from 3 October 2014, leaving approximately 239 years unexpired. Title number TY522133.
Investment Summary
Estimated Purchase Costs:
Stamp Duty: £2,000
Legal Fees: £1,500
Survey: £500
Total Capital Required: approximately £44,000
Passing Rent and Yield
Current Rent: £175 per week
Equivalent to approximately £758 pcm or £9,100 per annum
Gross Yield: approximately 22.75 percent
Annual Fixed Costs:
Service Charge: £3,318.30
Ground Rent: £379.28
Other Assumed Costs:
Insurance: £360 per annum
Management Fee: 12 percent of rent
Maintenance Allowance: 10 percent of rent
Total Estimated Annual Expenses: approximately £6,059.54
Net Income
Estimated Annual Net Income: approximately £3,040
Estimated Monthly Net Income: approximately £253
Net Yield (on £40,000): approximately 7.6 percent
Return on Capital Employed: approximately 6.9 percent
Important Note
All figures are indicative and based on supplied information and standard assumptions. Actual returns may vary depending on management arrangements, maintenance requirements, void periods and future changes to service charges or rents. Buyers should satisfy themselves as to all figures prior to exchange of contracts.
Outgoings
The most recent service charge budget for the 2025 to 2026 year totals £3,318.30 per annum, with ground rent payable at £379.28 per annum. Combined fixed annual costs therefore stand at approx £3,697.58.
Management and Building Information
The building is managed by StudentFM on behalf of the Right to Manage company. Recent management updates include a reversion to floor-area apportionment for service charges, the introduction of a group electricity supply contract with EDF to reduce costs, and an existing building-wide broadband contract. A compartmentation survey has been commissioned and budgeted for, with no additional levies raised in the documentation supplied.
Compliance and Documentation
An EWS1 form is in place with a B1 rating, confirming that fire risk is sufficiently low and no remedial works are required. The form is dated 28 May 2024 and completed in accordance with the RICS third edition guidance.
The property holds an EPC rating of D with a score of 62, with potential to improve to a C rating of 72. The EPC is valid until 30 August 2030. An Electrical Installation Condition Report is also in place for the apartment.
Additional Information
Council Tax Band A.
Internal floor area approximately 236 sq ft or 22 sq m.
All financial figures and property details have been taken from the seller’s documentation and managing agent papers and are provided in good faith. Purchasers are advised to verify all information through their legal representatives during the conveyancing process, including lender requirements in relation to the EWS1 certification.
Council Tax Band: D
Tenure: Leasehold
Lease Years Remaining: 239
Ground Rent: £379.28 per year
Service Charge: £3318.30 per year
Overview
Located on the second floor of Burgess House, this compact studio apartment provides practical, self-contained accommodation in a highly central Newcastle position. Set on St James Boulevard, the property is within easy reach of Newcastle Central Station, the universities and the city’s core retail and leisure districts. The apartment is currently let and presents a straightforward turnkey investment, with sustained demand for studio accommodation in this part of the city.
The Accommodation
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.
Tenure and Title
The property is held on a long leasehold of 250 years from 3 October 2014, leaving approximately 239 years unexpired. Title number TY522133.
Investment Summary
Estimated Purchase Costs:
Stamp Duty: £2,000
Legal Fees: £1,500
Survey: £500
Total Capital Required: approximately £44,000
Passing Rent and Yield
Current Rent: £175 per week
Equivalent to approximately £758 pcm or £9,100 per annum
Gross Yield: approximately 22.75 percent
Annual Fixed Costs:
Service Charge: £3,318.30
Ground Rent: £379.28
Other Assumed Costs:
Insurance: £360 per annum
Management Fee: 12 percent of rent
Maintenance Allowance: 10 percent of rent
Total Estimated Annual Expenses: approximately £6,059.54
Net Income
Estimated Annual Net Income: approximately £3,040
Estimated Monthly Net Income: approximately £253
Net Yield (on £40,000): approximately 7.6 percent
Return on Capital Employed: approximately 6.9 percent
Important Note
All figures are indicative and based on supplied information and standard assumptions. Actual returns may vary depending on management arrangements, maintenance requirements, void periods and future changes to service charges or rents. Buyers should satisfy themselves as to all figures prior to exchange of contracts.
Outgoings
The most recent service charge budget for the 2025 to 2026 year totals £3,318.30 per annum, with ground rent payable at £379.28 per annum. Combined fixed annual costs therefore stand at approx £3,697.58.
Management and Building Information
The building is managed by StudentFM on behalf of the Right to Manage company. Recent management updates include a reversion to floor-area apportionment for service charges, the introduction of a group electricity supply contract with EDF to reduce costs, and an existing building-wide broadband contract. A compartmentation survey has been commissioned and budgeted for, with no additional levies raised in the documentation supplied.
Compliance and Documentation
An EWS1 form is in place with a B1 rating, confirming that fire risk is sufficiently low and no remedial works are required. The form is dated 28 May 2024 and completed in accordance with the RICS third edition guidance.
The property holds an EPC rating of D with a score of 62, with potential to improve to a C rating of 72. The EPC is valid until 30 August 2030. An Electrical Installation Condition Report is also in place for the apartment.
Additional Information
Council Tax Band A.
Internal floor area approximately 236 sq ft or 22 sq m.
All financial figures and property details have been taken from the seller’s documentation and managing agent papers and are provided in good faith. Purchasers are advised to verify all information through their legal representatives during the conveyancing process, including lender requirements in relation to the EWS1 certification.
Council Tax Band: D
Tenure: Leasehold
Lease Years Remaining: 239
Ground Rent: £379.28 per year
Service Charge: £3318.30 per year
About this agent
Rent North East - Gateshead
412, Aidan House Business Center
Gateshead, Tyne & Wear
NE8 3HU
0191 392 0343Rent North East is a multi award winning property management and lettings agency, offering top rated property management and lettings services across the North East. With a strong local presence in Gateshead, Newcastle and Sunderland as well as the surrounding areas, Rent North East are well placed to let and manage properties across the North East. Rent North East are leading innovators, with a fully online system, enabling applicants to rent a property from the comfort of their homes, and landlords to keep track of progress via their online portal. Our trademark excellent customer service ensures that all properties are online within 48 hours of instruction, and that all enquiries are attended to within 24 hours. So, get in touch, and discover the difference. ----------------------------------------------------------------------------------------- 10Homes. Focused Selling. Focused A 10Homes agent only takes on 10Homes at any time, so that they have the time, resources and motivation that they need to properly focus on getting the best results for you. Better results Buyer information packs, reservation agreements, and online bidding help us to move quicker, secure the best price from a genuine buyer, and to get to completion quicker. The best local agents Every 10Homes agent has significant top level estate agency experience, and has superb local knowledge and practical experience to help get you the results that you need.