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Modern 0 bed Studio property

Available

For Sale

Listed Jul 8, 2025

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£70,000

Available

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Description

Nicholas Humphreys present this studio apartment in a purpose built apartment complex catering for students and medical workers. This pre let studio apartment is ideally located for Royal Stoke University Hospital and Keele University and is a ideal opportunity as a buy to let investment.

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 first 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.

Rental income £169 per week on a 51 week term ending August 2025.

Leasehold 125 years from 5 March 2021.
Ground rent £350 per annum.
Management fee 8.0% plus VAT.
Last quarter service charge £384.17. 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 £8,619 £169 per week on a 51 week term before service charge, ground rent and management fee .
Council tax band A

Note images shown are a typical similar apartment and not the one being advertised.

Tenure Leasehold,"