Studio for sale

Spark Street, Stoke-On-Trent ST4

Nicholas Humphreys present this studio apartment in a purpose-built complex catering for students. This studio apartment is ideally located for Staffordshire University and is located in the town centre of Stoke; an ideal opportunity as a buy to let investment.

Poulson House is part a modern development of purpose built investment apartments, with a range of on site facilities including, communal recreation room, gym, laundry room, and games room.

Poulson House includes a communal entrance with reception area and post boxes with stairs and lifts to the upper floors.

This studio apartment is located on the third floor and includes open plan living space with kitchen and a separate shower room.

Located in the town of Stoke in Stoke-on-Trent the complex is ideally placed for a range of amenities including supermarkets, shops, cafes and bars. Poulson House is also within walking distance to Stoke Railway Station as well as the University and the A500 provides direct access to the M6 motorway.

An ideal property for those looking to invest in the student buy to let market or those seeking to buy accommodation whilst attending university.

Council tax band A - students exempt.
EPC rating B
Left of lease 250 years from 1 Jan 2020.
Ground rent £300 per annum
Rental income £6630 when let usually on a 51 week term.
Service charge £1991.28
Lettings fee 8% plus vat
Net rent approx. £3702
Net yield approx. 7%

Information.

Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them.

Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £250 from them, for recommending you to them.

Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them.

Communal Entrance

Secure communal entrance with access to fourth floor via stairs or lift. Apartment accessed via wooden front door.

Living Space (4.94m x 3.19m (16'2" x 10'6"))

Access the apartment via a wooden door, UPVC double glazed window, electric heater, wall intercom entry system, bed base, wardrobe, desk with chair and wall shelving, kitchen area with gloss finish fitted storage units and work surface incorporating a stainless steel sink and drainer with mixer tap, two ring electric hob, integral fridge and microwave, ceiling light points, door to shower room.

Shower Room

White suite comprising W/C, pedestal wash hand basin with mixer tap, shower enclosure with sliding glazed door and wall mounted mains shower with tiling, electric towel radiator, ceiling light point and extractor.

Communal Facilities

Poulson House includes a gym, recreation room, laundry room and games room. The reception area of the building includes postal boxes and lift and stairs case access to the upper floors.

Agent Notes

Council tax band A - students exempt.
EPC rating B
Left of lease 250 years from 1 Jan 2020.
Ground rent £300 per annum
Rental income £6630 when let usually on a 51 week term.
Service charge £1991.28
Lettings fee 8% plus vat
Net rent approx. £3702
Net yield approx. 7%