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£66,500
Pbsa Studio Apartment - One London Road, ST5
- 0 beds
£66,500
- 0 beds
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Estimate monthly mortgage payment:
£304 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£3,325
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We are pleased to be able to offer the chance for investors to purchase a tenanted studio apartment in this very popular student PBSA development. The development is located in the heart of Newcastle Under Lyme, approximately 0.3 miles south of the town centre, and providing accommodation to students attending Keele University & the Royal Stoke University Hospital.
The apartment comes fully furnished (incl. in purchase price) meaning this is a fully 100% hands free investment opportunity.
This is a full studio apartment, comprising of a bedroom with kitchenette and a desk area, with a separate en-suite bathroom (shower).
Tenants of ONE London road have the benefit of on site gyms, communal lounge rooms with pool tables and flat screen tvs, and roof garden terraces overlooking a park.
There is a huge demand for this type of accommodation in the area as students look for fully enclosed places where they don't have to share kitchen and bathroom facilities normally found in many University campuses.
Apartments in this block are producing a 10% NET yield.
Tenure: Leasehold (125 years)
Ground Rent: £350 per year
Service Charge: £1,442 per year
The apartment comes fully furnished (incl. in purchase price) meaning this is a fully 100% hands free investment opportunity.
This is a full studio apartment, comprising of a bedroom with kitchenette and a desk area, with a separate en-suite bathroom (shower).
Tenants of ONE London road have the benefit of on site gyms, communal lounge rooms with pool tables and flat screen tvs, and roof garden terraces overlooking a park.
There is a huge demand for this type of accommodation in the area as students look for fully enclosed places where they don't have to share kitchen and bathroom facilities normally found in many University campuses.
Apartments in this block are producing a 10% NET yield.
Tenure: Leasehold (125 years)
Ground Rent: £350 per year
Service Charge: £1,442 per year
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£304 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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