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Keele House, The Midway, Newcastle

Key features

  • Experienced Management Company
  • PBSA Investment Opportunity
  • Popular Student Location
  • Tenanted Investment
  • 9.5% NET Yield

Description

Stylish Studio Investment Opportunity in Keele House, Newcastle-under-Lyme

Flat 18 - Keele House, The Medway, ST5 1LD

Prime Student Investment
Corner Unit with 6 Windows
Fully Furnished
Tenanted Until 2026
9.5% Net Yield
£45,000


This exceptional corner studio apartment in the ever-popular Keele House development offers a rare chance to secure a high-yielding, hands-off investment in the thriving student hub of Newcastle-under-Lyme.

Completed in 2017, this purpose-built development caters exclusively to students and boasts full rental occupancy since launch-an impressive testament to its ongoing demand and location.

* Please Note - Images are for reference only and may not be the exact apartment for sale.


Key Features:

* Corner position with 6 windows - bright, airy, and spacious
* Tenanted until August 2025 and already rebooked for 2025/26
* £170 per week on a 51-week term
* Modern, high-spec studio with contemporary furniture included
* Located on Lower Ground Floor (Unit LG-16) - Flat 18
* Part of a professionally managed block by Urban Student Life (USL)


Investment Highlights:

* NET Yield: 9.5%
* Lease Length: 125 years
* Service Charges, Lettings & Ground Rent:
* Management Fee (USL): £165.99/qtr
* Letting Costs (USL): £215.79/qtr
* IPM Service Charge: £1,121.18 half-yearly
* Ground Rent (E&M): £205.92 half-yearly
* Insurance: £189.25 annually
* Letting Fees: £863.16 annually
* Rental Guarantee: Not currently in place
* Payment Terms: 100% on exchange/completion


Supporting Documents:
Floorplans: Available
Brochure: Available on request
Professional management and letting in place via USL


Please contact us for access details and to receive the full brochure.

Tenure: Leasehold (125 years)
Ground Rent: £411.84 per year
Service Charge: £2,242.36 per year
USL Management Fee - £165.99 per quarter
USL Letting Costs - £215.79 per quarter
Insurance - £189.25 annually

Brochures

Brochure
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.
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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

Keele House, The Midway, Newcastle

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About Residential Estates, Chester

First FL. Kinnerton House Bell Meadow Business Park Park Lane Pulford CH4 9EP

We started our business 25 years ago as a Chester based property rental and lettings agency, and have grown into a respected, and diverse provider of property services.

The reason for our long term success, is due to constant focus on developing lasting client relations, offering unparalleled expertise over a full spectrum of services within the property industry.

We currently have multiple business departments, listed as follows:

Residential Property Investment

Residential Property Sales

Residential Lettings

Land Acquisitions

Property Management

Serviced Accommodation

International Property Sales & Investments

We are Chester's first internet based estate agency, and investment specialists. We believe in moving in-line with the change of the market place, to ensure our customers receive the very best service, from all divisions of our company portfolio.

The tailored service we offer directly meets the needs of our clients, as a tenant, a landlord, or an investor, we respect and value your business.

We would like to thank all of our clients over the years for helping us reach an important milestone, our silver anniversary, which we celebrated in 2015 after 25 years in business.

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Disclaimer - Property reference 18Keele. 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 Residential Estates, Chester. 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.

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