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 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. 

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 £8,788 - £169 per week on a 51 week term (before service charge, ground rent and management fee).   
Council tax band A

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

Entrance

2.17m x 1.46m (7'1" x 4'9")

Access via a wooden door, inset ceiling light point, door to shower room, wall telephone intercom, open to living space.

Living Space

4.02m x 2.80m (13'2" x 9'2")

Kitchen Area

Modern fitted wall and base units with work surface incorporating a stainless steel sink and drainer with mixer tap, two ring electric hob with extractor and light point above, integral microwave, integral fridge with ice box.

Living Area

Double glazed window, electric wall heater, inset ceiling light points, bed base, wardrobe, desk with chair and wall shelving.

Shower Room

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, electric towel radiator, inset ceiling light points and extractor.

Agent notes

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 £8,788 - £169 per week on a 51 week term (before service charge, ground rent and management fee).
Council tax band A
Images shown are of a similar apartment.