Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- Average 9% yield
- Studio apartment
- Student living
- Allocated parking space
- Pre let buy to let
- Acesss to Keele University
- On site facilities
- Walking distance to town
- Ground floor
- Great locaton
Nicholas Humphreys present this 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 2024/25 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.
Information about Nicholas Humphreys
Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £250 from them, for recommending you to them.
Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them.
Tenure: Leasehold,Rooms
Entrance 2.23m x 1.68m (7'4" x 5'6")
Wooden front door, wall mounted telephone intercom, inset ceiling light point, door to shower room, open to living space.
Shower Room 1.72m x 1.22m (5'8" x 4'0")
Modern white suite comprising W/C, pedestal wash hand basin with mixer tap and tiled splash back, shower enclosure with sliding glazed door and wall mounted mains shower with tiling, electric wall mounted towel radiator, inset ceiling light points and extractor.
Living Space 4.01m x 3.01m (13'2" x 9'11")
Living Area Not provided
UPVC double glazed windows, electric wall mounted heater, bed base, wardrobe, desk, wall shelving, inset ceiling light points.
Kitchen Not provided
Gloss finish fitted units to wall and base level with work surface incorporating a stainless steel sink and drainer with mixer tap, two ring electric hob with extractor and light point above, integral microwave, integral fridge with ice box.
Agent Notes Not provided
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 2024/25 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.
Places of interest
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Property reference P2372. 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 February 28, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
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 February 28, 2022
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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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