3 bedroom apartment for sale
Key information
Property description & features
- 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.
Places of interest
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Property reference P2397. 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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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 28, 2022
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Clear: No bars, no signal predicted
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Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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