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Studio for sale

Keele House, The Midway, Newcastle
Studio
1 bath
204
EPC rating: C
Added > 14 days

Key information

TenureLeasehold | 125 yrs left
Ground rent£411.84 per annum | review period: unconfirmed
Service charge£4,500 per annum
Council taxAsk agent
BroadbandSuper-fast 80Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Experienced Management Company
  • PBSA Investment Opportunity
  • Popular Student Location
  • Tenanted Investment
  • 9.5% NET Yield

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Stylish Studio Investment Opportunity in Keele House, Newcastle-under-Lyme

Flat 61 - Keele House, The Medway, ST5 1LD

Prime Student Investment
Fully Furnished
Tenanted Until 2026
8.8% Net Yield
£45,000

This exceptional corner studio apartment in the ever-popular Keele House development offers a rare chance to secure a high-yielding, hands-off investment in the thriving student hub of Newcastle-under-Lyme.

Completed in 2017, this purpose-built development caters exclusively to students and boasts full rental occupancy since launch-an impressive testament to its ongoing demand and location.

* Please Note - Images are for reference only and may not be the exact apartment for sale.

Key Features:

* Tenanted until 2026
* £170 per week on a 51-week term
* Modern, high-spec studio with contemporary furniture included
* Part of a professionally managed block by Urban Student Life (USL)

Investment Highlights:

* NET Yield: 8.8%
* Lease Length: 125 years
* Service Charges, Lettings & Ground Rent:
* Management Fee (USL): £165.99/qtr
* Letting Costs (USL): £215.79/qtr
* IPM Service Charge: £1,121.18 half-yearly
* Ground Rent (E&M): £205.92 half-yearly
* Insurance: £189.25 annually
* Letting Fees: £863.16 annually
* Rental Guarantee: Not currently in place
* Payment Terms: 100% on exchange/completion

Supporting Documents:
Floorplans: Available
Brochure: Available on request
Professional management and letting in place via USL

Please contact us for access details and to receive the full brochure.

Tenure: Leasehold (125 years)
Ground Rent: £411.84 per year
Service Charge: £4,500 per year
USL Management Fee - £165.99 per quarter
USL Letting Costs - £215.79 per quarter
Insurance - £189.25 annually

Property information from this agent

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About this agent

Residential Estates - Chester
Residential Estates - Chester
Kinnerton House, Bell Meadow Cuckoos Nest, Pulford CH4 9EP
01244 988842
Full profileProperty listings
Residential Estates is an independent property company that provides unrivalled expertise in UK residential and commercial investments, property management, and sales as well as lettings. Covering all aspects of the property industry, our estate agents and consultants are experts in investment properties, sales, and lettings, this ensures that you are in safe hands with experts available to assist you with your property.  With more than 26 years in the industry, we are associated with the Property Ombudsman for your complete peace of mind.
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