The Midway, Newcastle-Under-Lyme, ST5
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- Purpose built student apartment
- Buy to let
- Average 6% yield
- Town centre location
- Ideal for Keele University
- Open plan living space
- Shower Room
- Upper floor
- Communal facilities
- Tenant in situ
Description
Nicholas Humphreys present this modern purpose built student studio apartment located in the town centre of Newcastle-under-Lyme. The building is within the Keele University catchment whilst benefiting from being located in heart of the town centre offering a range of amenities for student living.
This upper floor studio apartment provides ideal student accommodation and includes an open plan living space with kitchen area and bedstead, wardrobe and desk. The apartment also includes a shower room and storage.
The Metropolis (or The Met) has a concierge desk at the main entrance with individual post boxes and also offers students communal facilities including seating and study area, laundry room and bicycle storage. A lift as well as stairs provide access to the upper floors.
Offered for sale with tenants in situ on a 51 week term with a Gross income of £151 per week or £7701 per year.
Current rental income £151 per week on 51 week term, total gross income £7701
Council tax band A - students exempt.
EPC rating B
Leasehold 250 years from 1 January 2020.
Service charge approx. £1630 per annum.
Ground rent £300 per annum.
Management fee 8.5% including VAT
Average return approx. 6%.
Images show a similar apartment and are not of the apartment for sale
EPC rating: B. Tenure: Leasehold,Living Space
3.01m x 6.07m (9'11" x 19'11")
Wooden entrance door
Kitchen area
Fitted units to wall and base level with work surface and breakfast bar incorporating a stainless steel sink and drainer with mixer tap, 2 ring electric hob, glass splash back, integral fridge, integral microwave, under unit lighting, inset ceiling light points, door to shower room, door to storage.
Living area
UPVC double glazed window and UPVC double glazed door, wall mounted electric heater, desk, wardrobe, bedstead, inset ceiling light point. wall light point.
Shower Room
Suite comprising concealed cistern W/C, wall mounted wash hand basin with mixer tap, shower enclosure with folding glazed door and wall mounted mains shower, part tiled walls, wall mirror, shaver point, inset ceiling light point and extractor.
Communcal facilities
The building includes a main entrance with post boxes, concierge, stairs to upper floors and lift. There are also communal sitting areas, laundry room and bicycle store room.
Agent Notes
Current rental income £151 per week on 51 week term total gross income £7701
Council tax band A - students exempt.
EPC rating B
Images show a similar apartment and are not of the apartment for sale.
Service charge approx. £1630 per annum.
Leasehold 250 years from 1 January 2020.
Management fee 8.5% including VAT.
Ground rent £300 per annum.
Average return appox 6%.
- 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.
- Band: A
- 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.
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- 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
The Midway, Newcastle-Under-Lyme, ST5
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Visit our security centre to find out moreDisclaimer - Property reference P2302. 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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