£225,000
London Road, Newcastle-under-lyme, ST5
- 3 beds
£225,000
- 3 beds
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Buy with a mortgage
Estimate monthly mortgage payment:
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
Share
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
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 2024/2025 on a 51 week term (195 per week)?
Number 40, first floor apartment.? Gross income approx. ?9900? for 2024/2025 on a 51 week term (195 per week)?
Number 41, first floor apartment.? Gross income approx. ?8,700 for? 2024/2025 on a 51 week term? (?172 per week)
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.?
Council tax band: X, Tenure: Leasehold, Rooms Apartment 39 - First floor studio apartment with open plan living space with balcony, kitchen area and shower room. Apartment 40 - First floor studio apartment with open plan living space with balcony, kitchen area and shower room. Apartment 41 - First floor studio apartment with open plan living space with balcony, kitchen area and shower room. Agent Notes - 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. Council tax - students exempt.Mortgage calculator
Find out the cost of a mortgage for your new home.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
Do you have property to sell or part exchange?
How can we help you today?
Find out what your
home is worth
Check instantly an estimated value of your homeFind the best
local agent
Compare local estate agents based on their performanceGet an Instant
cash offer
Get a cash offer for your property in under 48 hours
Area highlights
We’ve gathered data on the property locations to help you get-to-know the local area.
Things you should know
Some useful things about this property we think you should know
Create OneDome account
for a smooth and fast property purchase
- Get a step by step guide on how to purchase or sell a property
- Get an expert mortgage and legal help
- Find the best local agent to sell your property or get an instant cash offer
- Manage property viewings, valuations and alerts
- Get access to off-market properties Create account
Be the first to see the newest properties
Create an alert and we'll email you the latest properties that come to market which match your requirements.