Studio for sale

London Road, Newcastle-Under-Lyme ST5

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.

This ground floor apartment includes and an open plan living area with kitchen facilities and an ensuite shower room.

Located off the A34; a great location within Newcastle-under-Lyme for students and medical workers with the town centre (with bus terminal) within walking distance and links to major roads such the A500, A50 and M6 motorway.

Average current yield 9%

Leasehold 125 years from 5 March 2021.
Ground rent £350 per annum.
Management fee 5.5% plus VAT.
Service charge approx. £1200 per annum. 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.
Rental income for academic year 2024/25 approx. Gross £8,600 - £169 per week on a 51 week term (before service charge, ground rent and management fee).
Council tax band A - students exempt.

Entrance (2.2m x 1.49m (7'3" x 4'11"))

Wooden front door, inset ceiling light point, wall telephone intercom, door to shower room, open to living space.

Shower Room (2.2m x 1.23m (7'3" x 4'0"))

Modern white suite comprising W/C, pedestal wash hand basin with mixer tap and tiled splash back, shower enclosure with sliding glazed door and wall mounted mains shower with tiling, electric wall mounted towel radiator, inset ceiling light points and extractor.

Living Space (4.02m x 2.81m (13'2" x 9'3"))

Living Area

UPVC double glazed windows, electric wall mounted heater, inset ceiling light points, bed base, wardrobe, desk and wall shelving.

Kitchen Area

Gloss finish fitted wall and base units with work surface incorporating a stainless steel sink and drainer with mixer tap, two ring electric hob with extractor and light point above, integral microwave, integral fridge with ice box.

Agent Notes

Leasehold 125 years from 5 March 2021.
Ground rent £350 per annum.
Management fee 5.5% plus VAT.
Service charge approx. £1200 per annum. 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.
Rental income for academic year 2024/25 approx. Gross £8,600 - £169 per week on a 51 week term (before service charge, ground rent and management fee).
Council tax band A - students exempt.