Studio for sale

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

Flat 41 - Keele House, The Medway, ST5 1LD

Prime Student Investment
Fully Furnished
8.5% Net Yield
£41,500

This modern 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: 8.5%
* Lease Length: 125 years

Service Charges, Lettings & Ground Rent:
* Management Fee (USL): £1,546.05 yearly
* Letting Costs (USL): £609.55 yearly
* IPM Service Charge: £1,171.52 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: £2,343.04 per year