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3 bedroom apartment for sale

London Road , Newcastle-Under-Lyme ST5
Apartment
3 beds
3 baths
Added > 14 days

Key information

TenureLeasehold
Ground rent£0 per annum
Council taxAsk agent
BroadbandSuper-fast 80Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold
  • Buy to let portfolio
  • Average 9% yield
  • Three studio apartments
  • Keele University catchement
  • On site facilities
  • Purpose built development
  • Walking dstance to town centre
  • Student accommodation

Nicholas Humphreys present THREE studio student buy to let apartments with an average potential yield of 9%. 

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  Within the Keele University catchment area the apartments can be let to students or employees of the Royal Stoke University Hospital. 

These three studio apartments are ideal for landlords looking to grow their portfolio.  

The apartments:

Number 14, ground floor apartment. Gross income 2024/2025 approx. £8,600 on a 51 week term (£169 per week) 

Number 15, ground floor apartment with parking space.  Gross income 2024/2025  approx.  £8600  on a 51 week term (£169 per week) 

Number 16, first floor apartment with private balcony.  Gross income approx. £10,100 2023/2024 this year to be confirmed - £199 per week on a 51 week term. 

Charges

Service charge: Service charge approx £1200 per annum. per apartment.  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

Ground Rent £350 per annum per apartment

Management fee Gross 5.5% plus VAT. 

Each apartment is on its own title. 

 

Tenure: Leasehold. 

Tenure: Leasehold,

Rooms

Apartment 14 Not provided
Ground floor studio apartment with living space, kitchen area and shower room.

Apartment 15 Not provided
Ground floor studio apartment with living space, kitchen area and shower room and allocated parking space.

Apartment 16 Not provided
First floor studio apartment with living space with private balcony, kitchen area and shower room.

Agent notes Not provided
Service charge: Service charge approx £1200 per annum. per apartment. 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 Ground Rent £350 per annum per apartment Management fee Gross 5.5% plus VAT. Each apartment is on its own title. Tenure: Leasehold. Leasehold 125 years from 5 March 2021. Council tax - students exempt.

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About this agent

Nicholas Humphreys - Stoke-on-Trent
Nicholas Humphreys - Stoke-on-Trent
42, Piccadilly Hanley Stoke-on-Trent ST1 1EG
01782 966558
Full profileProperty listings
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.
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