£205,000
London Road, Newcastle-under-lyme, ST5
- 3 beds
£205,000
- 3 beds
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Nicholas Humphreys present THREE studio student buy to let apartments with an average potential yield of 9%.?
One London Road is a modern development of purpose built investment apartments, with an range of on site facilities including communal roof terrace, communal lounge, gym, court yard and garden, disabled access, bike storage and more? Within the Keele University catchment area the apartments can be let to students or employees of the Royal Stoke University Hospital.?
These three studio apartments are ideal for landlords looking to grow their portfolio.??
The apartments:
Number 14, ground floor apartment. Gross income 2024/2025 approx. ?8,600 on a 51 week term (?169 per week)?
Number 15, ground floor apartment with parking space.? Gross income 2024/2025? approx.? ?8600? on a 51 week term (?169 per week)?
Number 16, first floor apartment with private balcony.? Gross income approx. ?10,100 2023/2024 this year to be confirmed - ?199 per week on a 51 week term.?
Charges
Service charge:?Service charge approx ?1200 per annum. per apartment.? Note the service charge is paid out of the assured rent period. Service charges are based on actual costs incurred in each quarter and pooled with other investors
Ground Rent ?350 per annum per apartment
Management fee Gross 5.5% plus VAT.?
Each apartment is on its own title.?
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Tenure: Leasehold.?
Council tax band: X, Tenure: Leasehold, Rooms Apartment 14 - Ground floor studio apartment with living space, kitchen area and shower room. Apartment 15 - Ground floor studio apartment with living space, kitchen area and shower room and allocated parking space. Apartment 16 - First floor studio apartment with living space with private balcony, kitchen area and shower room. Agent notes - Service charge: Service charge approx £1200 per annum. per apartment. Note the service charge is paid out of the assured rent period. Service charges are based on actual costs incurred in each quarter and pooled with other investors Ground Rent £350 per annum per apartment Management fee Gross 5.5% plus VAT. Each apartment is on its own title. Tenure: Leasehold. Leasehold 125 years from 5 March 2021. Council tax - students exempt.Mortgage calculator
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