Studio for sale
Key information
Property description & features
- Tenure: Leasehold (124 years remaining)
- 10% Net Rental Yield
- Purposely Built for students
- Stable Investment
- 10-Minutes from Keele University
- Shared Gym
- Communal study spaces and lounge
- Roof Garden access with BBQ
- Lift Access
- Reception
- Car Parking Space
With 124 years left on the lease, this property offers long-term security and a solid investment opportunity. The ground rent is set at an affordable £350 per year, ensuring minimal financial burden. Moreover, the service charge, which includes bills, is conveniently charged within the tenant's rent.
The studio apartment is specifically designed to cater to the needs of students, offering a comfortable living space with all necessary furniture provided. The well-appointed bedroom, kitchen, and bathroom ensure a cosy and functional living environment.
Apart from the delightful living space, this development boasts a range of communal facilities designed to enhance the student experience. Shared lounges provide a great space to socialize and relax, while communal study areas offer a dedicated space for academic pursuits. The inclusion of a communal gym is a valuable addition. Furthermore, a roof garden provides a serene outdoor retreat for residents to enjoy.
Convenience is key, and this student studio apartment ticks all the boxes. The development features a reception area, ensuring a warm and welcoming atmosphere. Lift access allows for easy mobility within the building, and secure bike storage caters to those who prefer eco-friendly transportation.
The location is ideal, as it is just a short 10-minute journey from both Keele University and the town centre. This proximity to major amenities and educational institutions ensures high demand from students seeking a convenient and comfortable place to live.
As an investor, you can expect an impressive 10% net return on investment, making this studio apartment an attractive prospect for those seeking a lucrative venture in the property market.
In summary, this student studio apartment in Newcastle-Under-Lyme presents an exceptional investment opportunity. With its long lease, affordable ground rent, inclusive service charge, and convenient location, this property offers both financial stability and ease of management. The inclusion of shared lounges, communal study spaces, a gym, and a roof garden provides a well-rounded living experience for students. Don't miss the chance to acquire this ideal investment and secure your foothold in the thriving student accommodation market.
Tenure: Leasehold (124 years)
Ground Rent: £350 per year
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Property reference RS0261. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Quality Estate Agents - Stoke on Trent.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 10, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 10, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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