London Road, Newcastle-Under-Lyme ST5 Studio for sale

One London Road is a modern development of purpose built investment apartments, with an range of on site facilities including communal roof terrace, communal lounge, gym, court yard and garden, disabled access, bike storage and more.

This ground floor apartment includes and 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.

Average current yield 9%

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 £8,600 - £169 per week on a 51 week term (before service charge, ground rent and management fee).
Council tax band A - students exempt.

Tenure: Leasehold,

Nicholas Humphreys are a national independent Estate and Letting Agents. As well as property sales and professional lettings we also specialise in student lettings in the university towns where we operate. White Kite Ltd T/A Nicholas Humphreys Estate Agents are members of the NAEA, ARLA and the Property Ombudsman. The directors of Nicholas Humphreys are all actively involved in the daily running of the company. We take pride in being a people business and as such we recruit motivated and enthusiastic people with a passion for working in the property industry and invest in training and on-going staff development. We operate a graduate training scheme for talented bright youngsters. In all property transactions we place a particular emphasis on high ethical standards and the importance of listening to clients requirements. This helps us to better match buyers and tenants to properties. Our valuers have a detailed knowledge of their local market, particularly of local demand, with valuations based on fact, not a sales hyperbole or what the client ‘wants to hear’. Nicholas Humphreys also trades as Barkers estate & letting agents in Leicester. Our success is based on personal service and attention to detail. Landlords and people wishing to sell their property who would like to place their business with us are welcomed to take advantage of our free valuation service.

Studio for sale

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