The Midway, Newcastle Under Lyme, Staffordshire, ST5
- PROPERTY TYPE
Studio
- SIZE
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Key features
- tenanted deluxe student unit
- Generating a net yield of 9.27%
- Fully managed by a leading provider
- Close proximity to universities
Description
Deluxe Studio | First Floor | Purpose Built Student Accommodation | 9.27% Net Yield
Cash Only Purchase - £55,000
Property Overview
Introducing Unit 68, a deluxe studio apartment located on the first floor of the highly popular Keele House development. Purpose-built for the student rental market, the property offers a modern, low maintenance investment with strong tenant demand and consistent annual returns.
Keele House is ideally situated for both Keele University and Staffordshire University, benefiting from year round occupancy driven by the thriving student population.
Financial Overview
Current Rental Income
£166 per week
51 week tenancy
Annual gross rental income: £8,466 per year
Costs
Service Charge: £2,345 per year
Ground Rent: £412 per year
Letting/Management Fee:6% + VAT = £609.55 per year
Total Annual Costs: £3,366.55
Net Annual Income: £5,099.45
Net Yield: 9.27%
Lease Information
Lease Length: 125 years from 23 December 2016
Approx. 116 years remaining
Long lease and modern construction provide strong long term security for investors.
Tenancy Status
The current tenant is likely to extend their tenancy.
The letting agent is confident in securing a new tenant quickly due to strong demand for high quality student accommodation in the area.
This makes the investment ideal for buyers seeking immediate and reliable income.
Why Invest in Keele House?
Strong and consistent rental demand
High net yield of 9.27%
Fully managed, hands off investment
Modern, low maintenance unit
Close proximity to universities
Cash only purchase ensures fast, secure completion
Summary
Feature Detail
Property Deluxe Studio - Unit 68
Location Keele House, ST5 1LD
Floor First Floor
Rental Income £8,466 per year
Net Yield 9.27%
Service Charge £2,345 p.a.
Ground Rent £412 p.a.
Management Fee £609.55 p.a.
Lease Remaining 116 years
Purchase Price £55,000 (Cash 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.
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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
The Midway, Newcastle Under Lyme, Staffordshire, ST5
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Visit our security centre to find out moreDisclaimer - Property reference Deluxe-Studio-Keele-House. 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.
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