1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold
- Purpose built student apartment
- Buy to let
- Average 6% yield
- Town centre location
- Ideal for Keele University
- Open plan living space
- Shower Room
- Upper floor
- Communal facilities
- Tenant in situ
Nicholas Humphreys present this modern purpose built student studio apartment located in the town centre of Newcastle-under-Lyme. The building is within the Keele University catchment whilst benefiting from being located in heart of the town centre offering a range of amenities for student living.
This upper floor studio apartment provides ideal student accommodation and includes an open plan living space with kitchen area and bedstead, wardrobe and desk. The apartment also includes a shower room and storage.
The Metropolis (or The Met) has a concierge desk at the main entrance with individual post boxes and also offers students communal facilities including seating and study area, laundry room and bicycle storage. A lift as well as stairs provide access to the upper floors.
Offered for sale with tenants in situ on a 51 week term with a Gross income of £151 per week or £7701 per year.
Current rental income £151 per week on 51 week term, total gross income £7701
Council tax band A - students exempt.
EPC rating B
Leasehold 250 years from 1 January 2020.
Service charge approx. £1630 per annum.
Ground rent £300 per annum.
Management fee 8.5% including VAT
Average return approx. 6%.
Images show a similar apartment and are not of the apartment for sale
EPC rating: B. Tenure: Leasehold,Rooms
Living Space 3.01m x 6.07m (9'11" x 19'11")
Wooden entrance door
Kitchen area Not provided
Fitted units to wall and base level with work surface and breakfast bar incorporating a stainless steel sink and drainer with mixer tap, 2 ring electric hob, glass splash back, integral fridge, integral microwave, under unit lighting, inset ceiling light points, door to shower room, door to storage.
Living area Not provided
UPVC double glazed window and UPVC double glazed door, wall mounted electric heater, desk, wardrobe, bedstead, inset ceiling light point. wall light point.
Shower Room Not provided
Suite comprising concealed cistern W/C, wall mounted wash hand basin with mixer tap, shower enclosure with folding glazed door and wall mounted mains shower, part tiled walls, wall mirror, shaver point, inset ceiling light point and extractor.
Communcal facilities Not provided
The building includes a main entrance with post boxes, concierge, stairs to upper floors and lift. There are also communal sitting areas, laundry room and bicycle store room.
Agent Notes Not provided
Current rental income £151 per week on 51 week term total gross income £7701
Council tax band A - students exempt.
EPC rating B
Images show a similar apartment and are not of the apartment for sale.
Service charge approx. £1630 per annum.
Leasehold 250 years from 1 January 2020.
Management fee 8.5% including VAT.
Ground rent £300 per annum.
Average return appox 6%.
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Property reference P2302. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Nicholas Humphreys - Stoke-on-Trent.
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Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 23, 2021
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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