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3 bedroom apartment for sale

London Road , Newcastle-Under-Lyme ST5
Disabled access
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
  • Three apartments
  • Student accommodation
  • Investment opportunity
  • Keele University catchment
  • Close to town centre
  • On site facilities
  • Each with private balcony
  • Average 9% yield
  • Purpose built complex

Nicholas Humphreys present THREE studio student buy to let apartments each with a private balcony with an average potential yield of 8.5%. 

One London Road is a modern development of purpose built investment apartments, with an range of on site facilities including 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 39, first floor apartment. Gross income approx. £9,900 for 2023/2024 on a 51 week term (195 per week)   This year to be confirmed.

Number 40, first floor apartment.  Gross income approx. £9900  for 2023/2024 on a 51 week term (195 per week)  This year to be confirmed. 

Number 41, first floor apartment.  Gross income approx. £8,700 for  2023/2024 on a 51 week term  (£172 per week)  This year to be confirmed.

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 39 Not provided
First floor studio apartment with open plan living space with balcony, kitchen area and shower room.

Apartment 40 Not provided
First floor studio apartment with open plan living space with balcony, kitchen area and shower room.

Apartment 41 Not provided
First floor studio apartment with open plan living space with 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 staf... Show more
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