No longer on the market
This property is no longer on the market
Floorplan
Map1 bedroom apartment
Under offer
Apartment
1 bed
1 bath
Key information
Features and description
- 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
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 we are advised that Flat 62 is currently currently occupied from 09/09/23 – 07/09/24 at £172/week and is then booked from 07/09/24 – 19/07/25 at £179/week by the same student. Please refer to UrbanStudentLife.com 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'
Council Tax Band: A
Tenure: Leasehold
Lease Years Remaining: 120
Service Charge: £1442.00 per year
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 we are advised that Flat 62 is currently currently occupied from 09/09/23 – 07/09/24 at £172/week and is then booked from 07/09/24 – 19/07/25 at £179/week by the same student. Please refer to UrbanStudentLife.com 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'
Council Tax Band: A
Tenure: Leasehold
Lease Years Remaining: 120
Service Charge: £1442.00 per year
Property information from this agent
About this agent
We are an independent Estate Agency and Chartered Surveyors with over 25 years’ experience in selling, letting, surveying and valuing property. With town centre offices in Newcastle-under-Lyme and Market Drayton we cover a huge area in Stoke-on-Trent, North Staffordshire and Shropshire and even into the Cheshire border. It is our mission to change your perception of an Estate Agent. We combine affordable fees with exceptional service and we are governed by the RICS strict code of conduct and ethics so you can be confident that we will always act with integrity and honesty - two words that most people wouldn’t use to describe an Estate Agent! We have a long established team who have witnessed first hand the many changes in the property market ensuring that we are still here today. We know that having the right team in place is a huge part of the success story of Follwells, that and you our Clients! We enjoy a lot of repeat business and we know that there is still the need for a traditional Estate Agent despite the rise in cut-price online only agencies. There will always be someone in the office that you can talk to who is up to speed on the progress of your house, we will contact you as often (or little) as you like to keep you in the picture, we know that communication is really important when selling your property.