London Road, Newcastle-Under-Lyme, ST5
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- BATHROOMS
3
- SIZE
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Key features
- Buy to let portfolio
- Average 9% yield
- Three studio apartments
- Keele University catchement
- On site facilities
- Purpose built development
- Walking dstance to town centre
- Student accommodation
Description
Nicholas Humphreys present THREE studio student buy to let apartments with an average potential yield of 9%.
One London Road is a modern development of purpose built investment apartments, with an range of on site facilities including communal roof terrace, 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 14, ground floor apartment. Gross income 2024/2025 approx. £8,600 on a 51 week term (£169 per week)
Number 15, ground floor apartment with parking space. Gross income 2024/2025 approx. £8600 on a 51 week term (£169 per week)
Number 16, first floor apartment with private balcony. Gross income approx. £10,100 2023/2024 this year to be confirmed - £199 per week on a 51 week term.
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 14
Ground floor studio apartment with living space, kitchen area and shower room.
Apartment 15
Ground floor studio apartment with living space, kitchen area and shower room and allocated parking space.
Apartment 16
First floor studio apartment with living space with private 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- 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.
- Ask agent
Energy performance certificate - ask agent
London Road, Newcastle-Under-Lyme, ST5
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About Nicholas Humphreys, Stoke-On-Trent
42 Piccadilly, Hanley, ST1 1EGNicholas 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.
If you are looking to buy a property, contact us to register your details and to receive property alerts direct to your mobile to keep up to date with our latest new instructions. Call us today to register.
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Visit our security centre to find out moreDisclaimer - Property reference P2396. 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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