yieldit says ..

Property Oracle says ..

This studio apartment in Burgess House, located in the Monument area of Newcastle upon Tyne, presents an interesting investment opportunity. Its city-centre location offers convenient access to Newcastle train station and several educational institutions, making it attractive to students. The apartment itself is relatively modern, appearing clean and functional from the photographs, with a compact layout that encompasses a sleeping area, kitchen, and bathroom. However, it’s worth noting that the property lacks a garden and does not benefit from a large floor space. The lack of data concerning the building’s long-term maintenance plan, or potential service charges would ideally need clarification. The price point, while seemingly reasonable compared to other student accommodation offerings in the area, would be best assessed further via a full survey to ascertain its long-term viability as a rental property or individual use. Overall, this property would be most attractive to investors looking to add to their portfolio with a targeted rental market. Further due diligence is recommended before any purchase decision.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images