The Met, The Midway, Newcastle Under Lyme
- PROPERTY TYPE
Studio
- SIZE
192 sq ft
18 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Annual rental income: £7515 (45 weeks)
- Net yield: 9.0%
- Long lease
- EPC B
- Close to Royal Stoke University Hospital
- Walking distance to university campuses
Description
This modern studio apartment is located within The Met, a purpose-built student accommodation development designed to provide high-quality living with a strong sense of community. The scheme features impressive communal and social spaces across the ground floor and mezzanine levels, making it highly attractive to today’s students.
Financial Overview
Price £45,000
Gross annual rental income: £7,515 (£167 x 45 weeks)
Service charge: £2,281
Management fee: £766.53 (10.2% inc Vat)
Ground rent: £404
Total deductions: £3451.53
Net annual income: £4063
Net yield: 9.0%
Letting Option
Student FM is an established student accommodation management company with experience managing student properties and handling the day-to-day running of tenancies, helping to make ownership more hands-off for investors.
Continuing with them offers continuity of management and helps maintain a consistent service for tenants, reducing the hassle of having to appoint a new managing agent.
Pure Investor has sold several units managed by Student FM, including two or three at Primus Place in recent months, so they are a familiar operator to our buyers.
StudentFM currently operates across 11 UK cities, with 22 buildings and 2,500 beds under lettings management, demonstrating an established presence in the student accommodation sector. They would be delighted to continue managing the property for any investors who purchase.
- 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: B
- 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
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Visit our security centre to find out moreDisclaimer - Property reference 32-the-met. 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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