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London Road, Newcastle Under Lyme

PROPERTY TYPE

Flat

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Floorplan 1
1

Key features

  • PRE LET
  • PARKING
  • CLOSE TO HOSPITAL
  • INVESTMENT PROPERTY
  • CLOSE TO UNIVERSITY

Description

Studio apartment WITH PARKING SPACE in a purpose built apartment complex catering for students and medical workers. This pre-let studio apartment is ideally located for Royal Stoke University Hospital and Keele University and is a ideal opportunity as a buy to let investment.

One London Road is a modern development of purpose built investment apartments, with a range of on site facilities including, communal lounge, gym, court yard and garden, disabled access, bike storage and more.

This ground floor apartment includes an open plan living area with kitchen facilities and an ensuite shower room.

Located off the A34; a great location within Newcastle-under-Lyme for students and medical workers with the town centre (with bus terminal) within walking distance and links to major roads such the A500, A50 and M6 motorway.

Over 9% average yield!

Leasehold 125 years from 5 March 2021.
Ground rent £350 per annum.
Management fee 5.5% plus VAT.
Service charge approx £1200 per annum. 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.
Rental income for academic year 2023/24 approx. Gross £8619 - £169 per week on a 51 week term, this year to be confirmed (before service charge, ground rent and management fee).
Council tax band A - students exempt.



Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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.
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.
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Energy performance certificate - ask agent

London Road, Newcastle Under Lyme

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About Critchlow Estate Agents, Newcastle-under-Lyme

Suite 8, Federation House Station Road Stoke-On-Trent ST4 2SA
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Welcome to Critchlow estate agents where we offer free no obligation valuations whether you are selling and look to let your property out. Offering a modern approach to selling property with traditional values and extensive local knowledge. We aim to ensure maximum selling potential and focus on customer service. We understand that selling or letting your home can be one of life's most exciting yet stressful times, that's why we are open 7 days a week to be on hand during the hole process from start to finish.

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Monthly repayments
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Disclaimer - Property reference 1667_CRIT. 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 Critchlow Estate Agents, Newcastle-under-Lyme. 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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