Flat for sale in London Road, Newcastle-Under-Lyme ST5

£70,000
Interested in this property? Call +44 1782 792114 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Flat for sale - 1 bedroom

1 1 1

Tenure:
Leasehold
Time remaining on lease:
120 years
Service charge:
£1,442 per year
Ground rent:
Not available
Domestic rates:
A

Property features

  • Investment Opportunity
  • Modern Studio Apartment
  • 5 Minutes Walk of Town Centre
  • Allocated Parking Space
  • Block Two of this Popular Development
  • Fully Managed
  • Communal Facilities
  • Close to Royal Stoke Hospital

Property description

Great investment opportunity to purchase this 'classic plus' studio apartment in a very popular development of purpose built student accommodation (pbsa).

The development is located in the heart of Newcastle under Lyme approximately 0.3 miles south of the town centre. The site provides easy access to both Keele and Staffordshire Universities with a regular bus service just outside the development. The Royal Stoke Hospital and the amenities of the town centre are just a short walk away.

The accommodation to this apartment features a kitchenette and an en suite bathroom. There are also numerous communal areas including access to a gym, communal lounge with pool tables, laundry room, cycle store and roof garden terraces overlooking the park.

The apartments are fully managed and Flat 62 is currently on a contract to 31st August 2024 at a rate of £172 .00 per week. Please refer to for the average rental rate from August 2024 onwards. We understand the management fee is 5.5% plus VAT from the gross rent collected (est. Of 9% gross yield).

We are advised that this apartment has an allocated parking space on site.

Agents Note: Photos used are of an example apartment of the same design.

Tenure Leasehold

Term of 125 years commencing from 20.8.2018.

Service Charge

Currently understood to be £1653 pa (2022/23).

Ground Rent

Council Tax Band 'a'

Property info

Floorplan(s): Floorplan 1

View original

Arrange Viewing

For more information about this property, please contact
Follwells, ST5 on +44 1782 792114 * (local rate)

Contact Follwells about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  6. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Follwells, and do not constitute property particulars. Please contact Follwells for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

12 more properties like this

View all London Road properties for sale