Marsh Parade, Newcastle Under Lyme, Staffordshire, ST5
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- SIZE
Ask agent
Key features
- Modern buy-to-let apartment
- Open plan lounge & kitchen
- Walking distance to Newcastle town centre
- Long lease
- Gross yield of 7.6% | Net yield of 6.7%
- EPC rating: B
Description
1 Bedroom Unfurnished Tenanted Apartment - 12 Marsh Box, 2 Marsh Parade, Newcastle, ST5 1FA
Asking Price: £110,000
Service Charge: £871 per year
Ground Rent: £107 per year
Lease Remaining: 242 years
Current Rental Income: £700pcm
Tenancy Start Date: Mid March 2025 on a 12 month agreement
EPC: B
We are pleased to present this fantastic 1-bedroom unfurnished apartment located at 12 Marsh Box, 2 Marsh Parade, Newcastle. This property is currently tenanted, making it an ideal investment opportunity for those looking to acquire a property with an immediate rental income.
Situated in a well-maintained development, this apartment benefits from a prime location close to Newcastle's city centre, offering easy access to shops, restaurants, and transport links. The apartment features a bright and airy living space, a well-sized bedroom, a modern kitchen, and a bathroom, making it a comfortable home for the current tenants.
Key Features:
1 Bedroom
Unfurnished
Tenanted with immediate rental income
Long lease of 242 years remaining
Low ground rent (£107 per year)
Service charge of £871 per year
Current rental income £700pcm
Asking Price: £110,000
Investment Opportunity:
With a long lease of 242 years remaining, this property is a low-maintenance investment option with strong rental potential. The current service charge and ground rent are relatively low, further enhancing the appeal for any potential investors. The property is already generating a consistent rental income, providing peace of mind for investors seeking immediate returns.
Rental Income
Gross Yield Calculation:
Annual Rental Income = £700 x 12 = £8,400
Gross Yield = (£8,400 / £110,000) x 100 = 7.6%
Annual Service Charge = £871
Annual Ground Rent = £107
Total Costs = £871 + £107 = £978
Net Rental Inc (£7,422 / £110,000) x 100 = 6.7%
- 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.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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
Marsh Parade, Newcastle Under Lyme, Staffordshire, ST5
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference Marsh-Box-Marsh-Parade-Newcastle. 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 Pure, Manchester. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.