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The Midway, Newcastle Under Lyme, Staffordshire, ST5

Floorplan 1
1

Key features

  • STUDENT INVESTMENT OPPORTUNITY
  • Fully managed, hands-off student investment
  • Close to Keele University, Staffordshire University, and Newcastle-under-Lyme town centre
  • Self-contained accommodation appealing to today's student tenants

Description

STUDENT INVESTMENT OPPORTUNITY - FULLY TENANTED STUDIO WITH 245-YEAR LEASE

Asking Price: £69,995 (approx. 6.3% net yield)
The Met, The Midway, Newcastle-under-Lyme, Staffordshire, ST5 1FB
An excellent opportunity to acquire a fully managed, hands-off student investment in the heart of Newcastle-under-Lyme, within easy reach of Keele University and Staffordshire University. This fourth-floor studio comes with a tenant already in place, professional management, and a long 245-year leasehold - ideal for investors seeking a straightforward, income-producing addition to their portfolio.
Property Overview
* Development: The Met, New Castle
* Size: 192 sq ft studio
* Floor: 4th floor
* Tenure: Leasehold - 245 years remaining
* Management: Fully managed by Student Facilities Management

Why Buy Here
* Tenant in situ - rental income from day one of ownership
* Fully managed - Student Facilities Management handle lettings, maintenance and day-to-day tenant issues, making this a genuinely hands-off investment
* Long lease - 245 years remaining offers excellent long-term security
* Prime student location - close to Keele University, Staffordshire University, and Newcastle-under-Lyme town centre, with strong ongoing demand for quality student accommodation
* Purpose-built studio living - self-contained accommodation appealing to today's student tenants

For more details, please call EGAR LTD.
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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The Midway, Newcastle Under Lyme, Staffordshire, ST5

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Affordability

Monthly repayments£351
Property: £ 69,995
Deposit: £ 7,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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Disclaimer - Property reference EGMZ. 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 EGAR LTD, Covering Milton Keynes & London. 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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