London Road, Newcastle-Under-Lyme, ST5
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- BATHROOMS
3
- SIZE
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Key features
- Buy to let portfolio
- Three apartments
- Student accommodation
- Investment opportunity
- Keele University catchment
- Close to town centre
- On site facilities
- Each with private balcony
- Average 9% yield
- Purpose built complex
Description
Nicholas Humphreys present THREE studio student buy to let apartments each with a private balcony with an average potential yield of 8.5%.
One London Road is a modern development of purpose built investment apartments, with an range of on site facilities including communal lounge, gym, court yard and garden, disabled access, bike storage and more Within the Keele University catchment area the apartments can be let to students or employees of the Royal Stoke University Hospital.
These three studio apartments are ideal for landlords looking to grow their portfolio.
The apartments:
Number 39, first floor apartment. Gross income approx. £9,900 for 2024/2025 on a 51 week term (195 per week)
Number 40, first floor apartment. Gross income approx. £9900 for 2024/2025 on a 51 week term (195 per week)
Number 41, first floor apartment. Gross income approx. £8,700 for 2024/2025 on a 51 week term (£172 per week)
Charges
Service charge: Service charge approx £1200 per annum. per apartment. Note the service charge is paid out of the assured rent period. Service charges are based on actual costs incurred in each quarter and pooled with other investors
Ground Rent £350 per annum per apartment
Management fee Gross 5.5% plus VAT.
Each apartment is on its own title.
Tenure: Leasehold.
Tenure: Leasehold,Apartment 39
First floor studio apartment with open plan living space with balcony, kitchen area and shower room.
Apartment 40
First floor studio apartment with open plan living space with balcony, kitchen area and shower room.
Apartment 41
First floor studio apartment with open plan living space with balcony, kitchen area and shower room.
Agent Notes
Service charge: Service charge approx £1200 per annum. per apartment. Note the service charge is paid out of the assured rent period. Service charges are based on actual costs incurred in each quarter and pooled with other investors
Ground Rent £350 per annum per apartment
Management fee Gross 5.5% plus VAT.
Each apartment is on its own title.
Tenure: Leasehold. Leasehold 125 years from 5 March 2021.
Council tax - students exempt.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
London Road, Newcastle-Under-Lyme, ST5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Stoke-on-Trent Station1.7 miles
- Longport Station2.6 miles
- Longton Station3.7 miles
About the agent
Nicholas Humphreys, Stoke-On-Trent
42 Piccadilly, Hanley, ST1 1EG
Nicholas Humphreys estate agents in the heart of Stoke-on-Trent is part of a national estate agency group successfully selling and renting homes across the United Kingdom.
Our dedicated sales team are here to help you to get the best price for your property, providing excellent customer service and to make your next move as smooth as possible.
Call us today to find out about our fantastic marketing techniques including auction sales and to arrange your free no obligation valuation
Notes
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Visit our security centre to find out moreDisclaimer - Property reference P2397. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nicholas Humphreys, Stoke-On-Trent. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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