London Road

Newcastle-Under-Lyme, ST5

Tenure: Leasehold

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 a range of on site facilities including, communal lounge, gym, court yard and garden, disabled access, bike storage and more. 

This first floor apartment includes 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. 

 Average 9% yield. 

Leasehold 125 years from 5 March 2021.
Ground rent £350 per annum.
Management fee 5.5% plus VAT.
Service charge approx £1200 per annum. 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 2023/24 approx. Gross £9,900 - £195 per week on a 51 week term, this year to be confirmed (before service charge, ground rent and management fee).  This years rent to be confirmed. 
Council tax band A - students exempt. 

Information about Nicholas Humphreys

Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.

Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £250 from them, for recommending you to them.

Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them.

EPC rating: Unknown. Council tax band: X, Tenure: Leasehold,

Entrance

2.21m x 1.50m (7'3" x 4'11")

Wooden front door, wall mounted intercom, inset ceiling light point, door to shower room, open to living space.

Living Space

3.90m x 2.81m (12'10" x 9'3")

Living Area

UPVC double glazed window, UPVC double glazed patio door to balcony, electric wall storage heater, inset ceiling light points, desk and wall shelving, bed base, wardrobe.

Kitchen Area

Gloss finish modern fitted units to wall and base level with work surface and under unit light incorporating a stainless steel sink and drainer with mixer tap, two ring electric hob with integral extractor and light point above, integral fridge with ice box, integral microwave.

Shower Room

2.17m x 1.20m (7'1" x 3'11")

Modern white suite comprising W/C, pedestal wash hand basin with mixer tap and tiled splash back, shower enclosure with sliding glazed door and wall mounted mains shower with tiling, wall mounted electric towel radiator, inset ceiling light points and extractor.

Balcony

2.98m x 1.51m (9'9" x 4'11")

Decking patio with glass and chrome balustrade, ceiling light point.

Agent Notes

Leasehold 125 years from 5th March 2021.
Ground rent £350 per annum.
Management fee 5.5% plus VAT.
Service charge approx. £1200 per annum. . 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 2023/24 approx. Gross £9,900 - £195 per week on a 51 week term, this year to be confirmed (before service charge, ground rent and management fee). This years rent to be confirmed.
Council tax band A - students exempt.