Newcastles Studios, Ellison Plc, Newcastle NE1 8ST, UK

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Bathrooms: 1

Receptions: 1

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Agents think: £119,000  1 agent(s) valuations found

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2021-06-09 12:15, User_1

Opulence Invest Agent Valuation of this property is £119,000

Description:

Newcastle Studios
For Investment Purposes Only

Located in the heart of Newcastle’s city centre, these studios are newly refurbished.

With all the benefits of city-centre living and with two universities on its doorstep, this development is in a prime location has already proved popular with young professionals and students.

The old adage, “location, location, location”, is a true one and, when it comes to buy-to-let property, is investing in the right location can lead to higher rental returns and stronger growth potential.

Investment Overview

• Newcastle City Centre
• Easy access to Rail Links
• Newly Refurbished
• 10min Walk to Chinatown/St James Park
• 21.7% growth in property values by 2024 (Savills)
• For Students & Young Professionals
• 7% Assured Net Rental Returns for 1 Year
• Developer Buy Back Option at Year 5

Why Invest

Over the past 10 years, landlords who rent property to students have secured
consistent and reliable income.

With a new influx of tenants entering the city each academic year, the evergreen nature of the student property market has allowed investors to capitalise on the demand for quality housing located close to the university.

Newcastle also boasts a high student retention rate, with 44% of students remaining in the city after they graduate.

Rising student numbers coupled with high retention rates has created a high demand for an affordable rental property in Newcastle city’s centre, making it a prime market for buy-to-let investors.

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