1 /7
£54,500
Aire (the Villas), ST4
- 0 beds
£54,500
- 0 beds
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Estimate monthly mortgage payment:
£249 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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Residential Estates is pleased to be able to offer this high end renovation of an old police station on behalf of the Abode Student Group. The development is situated in the heart of Stoke on Trent less than 10 minutes walk of Staffordshire University, and will provide investors the opportunity to purchase a fabulous income generating asset in the PBSA sector, one of the fastest and most popular asset sectors in the property investment market.
Investment Highlights:
* Brand New Build
* 9.5% NET Yield
* Ready for 2025 student intake
* Rental Income: £145 p/w (51 weeks)
* Price: £54,500
Aire consists of two contemporary styled blocks, will be completed to the highest standard and all including furnishings. Residents at Aire enjoy a luxury leisure suite which will include a full state of the art gym and cinema room and also enjoy CCTV security, Study Rooms, Laundry Facilities, Cycle Store, 40-inch SMART TV's.
State of the Art Facilities
Students living in Aire, students have access to premium state of the art facilities, some mentioned above, but also the communal area's have been carefully designed to create a sense of community, the communal hub serving fresh tea and coffee of a morning and the communal kitchen suite will provide students the facilities needed to make hot food.
* Please Note - Images are for reference only and may not be the exact apartment for sale.
Tenure: Leasehold (125 years)
Ground Rent: £350 per year
Service Charge: £1,350 per year
Investment Highlights:
* Brand New Build
* 9.5% NET Yield
* Ready for 2025 student intake
* Rental Income: £145 p/w (51 weeks)
* Price: £54,500
Aire consists of two contemporary styled blocks, will be completed to the highest standard and all including furnishings. Residents at Aire enjoy a luxury leisure suite which will include a full state of the art gym and cinema room and also enjoy CCTV security, Study Rooms, Laundry Facilities, Cycle Store, 40-inch SMART TV's.
State of the Art Facilities
Students living in Aire, students have access to premium state of the art facilities, some mentioned above, but also the communal area's have been carefully designed to create a sense of community, the communal hub serving fresh tea and coffee of a morning and the communal kitchen suite will provide students the facilities needed to make hot food.
* Please Note - Images are for reference only and may not be the exact apartment for sale.
Tenure: Leasehold (125 years)
Ground Rent: £350 per year
Service Charge: £1,350 per year
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£249 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
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Mortgage and legal costs:
£999
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