Residential portfolio for sale

Flats 9, 10, 11, 12 & 15, Courtyard Beasley Avenue, London Road, Newcastle under Lyme, Staffordshire ST5 7RW

Guide Price £625,000 plus

for sale under an auction contract.

Description

Overview

This is a rare opportunity to acquire a block of five leasehold apartments in the heart of Newcastle-under-Lyme, Staffordshire. The sale uniquely includes Courtyard Apartments Management Limited, the established Right to Manage (RTM) company for the building.

Ownership & Management Structure

Leasehold Tenure: The apartments are leasehold; the freehold (land ownership) is held by a separate company.

RTM Company Included: The RTM company does not own the ground but manages the building and communal areas under statutory rights granted by the Commonhold and Leasehold Reform Act 2002. This gives the buyer direct control over service charges, maintenance, and management decisions for the entire block—not just the individual units.

Ground Rent: Ground rent remains payable to the freeholder, collected through their agent, Simarc Property Management.

Background: Residents previously exercised their legal right to manage, replacing the external management company with the RTM structure. For more on RTM, see UK Government RTM guidance and the Leasehold Advisory Service.

Investment Highlights

Management Control: The RTM company empowers the buyer to set service charge budgets, select contractors, and oversee building insurance.

Rental Demand: The property is ideally located for students, hospital staff, and professionals, ensuring strong rental yields.

Local Amenities: Newcastle-under-Lyme offers a vibrant town centre, excellent schools, and easy access to the M6, Stoke-on-Trent railway, and major employers like Keele University and Royal Stoke University Hospital. Learn more at Newcastle-under-Lyme Borough Council.

Legal & Auction Information

Legal Pack: For full tenure, service charge, and RTM documentation, see our auction legal packs.

Auction Details: [Insert lot number, auction date, and guide price here once confirmed.]

Viewing Arrangements: Contact Palace Auctions to arrange a viewing or for further information.

Investment Highlights:

Freehold block of five flats

Guide Price: £625,000 – see auction pack

High-yield potential aligned with Staffordshire market

Close to transport, shops and universities

COURTYARD APARTMENTS GROSS RENTAL INCOME

12 COURTYARD (3 BED) £995 PCM

10 COURTYARD (2 BED). £775 PCM

15 COURTYARD (2 BED). £775 PCM

11 COURTYARD (1 BED). £600 PCM

9 COURTYARD (1 BED). £650 PCM

Total annualized rent roll per annum £46,140,00

Plus, the management company is Courtyard Apartments Management Ltd 06313933 (also included within the sale). opportunity to charge service charges from 2025 and benefit from ground rents of £250 per apartment.

Location

Newcastle-under-Lyme is a historic market town with excellent transport links, a lively community, and proximity to top universities and healthcare facilities. The area is popular with families, students, and professionals, supporting consistent rental demand and long-term investment growth.

Firstly, Newcastle-under-Lyme block of flats at The Courtyard offers a rare freehold investment opportunity in Staffordshire. Comprising five self-contained units (flats 9, 10, 11, 12 and 15), this property sits on Beasley Avenue just off London Road (ST5 7RW), with direct road access via the A34 and A500 and mainline rail at Longport station 2 km away. Investors can leverage strong local rental demand, low vacancy rates and proximity to retail, leisure and educational amenities.

Secondly each flat features communal parking bays, a shared courtyard and double-glazed windows. Subject to planning permission, there is scope to enhance unit layouts or pursue short-term lets. Online bidding is enabled for the April 2024 auction, with the legal pack—covering title deeds, leases and floor plans—available for immediate download. EPC certificates can be provided on request.

Thirdly to that with the average flat prices at £92,300 in Newcastle-under-Lyme and gross rental yields up to 6.65%. investors can expect robust income streams. Ongoing town centre regeneration projects—such as Rye Park and Astley Place promise capital growth, bolstered by strong student demand, ensuring long-term asset value and market resilience.

BUYER’S PREMIUM

Applies under the fall of the hammer. The purchaser shall pay a 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.

When registering to bid with us, we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.