3 bedroom apartment for sale
Key information
Property description & features
- 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.
Places of interest
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Property reference P2396. 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
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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 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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