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Studio for sale

£70,000

The Midway, Newcastle-Under-Lyme ST5

1

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Property features

  • Prices starting from as low as £65000
  • 5% interest paid on all deposited funds until completion
  • Easy payment plan in place
  • All units are fully self-contained and furnished
  • Unbeatable location –in the town centre and close to amenities and universities
  • Highly in demand development in a severely under-supplied market
  • Fantastic communal areas such as a gym- cycle storage- laundry facilities- and s
  • A hands-off investment with all the tenancy management done by specialists in th

Property description

*cash buyers/investment only

It is not exactly clear where Newcastle got its name from. Though it was thought that the ‘New’ castle was so called to distinguish it from the Roman fort at Chesterton. It is now believed that the word new means ‘novel’ – it would have been new when it was built! The ‘Lyme’ refers to the huge Lyme Forest that covered North West Staffordshire and South Cheshire at this time.

Newcastle is proud to be home to the popular Keele University and the rapidly expanding Science & Business Park. Keele University was the first new UK University of the 20th century. It was established with the power to hand degrees to students in 1949 and was awarded University status, officially as the University of Keele, in 1962. It is the uk’s largest integrated campus university and occupies a 617 acre estate, with Grade II registration by English Heritage, the central feature of which is the 19th century Keele Hall.

Keele is also a major contributor to its local economy. With a turnover in excess of a notable £80m, and a total staff of some 1,700, the University generates around £130m of business for the region.

Keele House is a brand-new investment opportunity in Newcastle. Being a new addition to the UK student accommodation sector, it gives investors an opportunity to purchase a marvellous income-generating asset in a university oriented city.

Keele House will be made up of 160 modern, fully self contained studio suites that will be completed to a high standard and delivered to investors fully furnished. Each studio will feature a kitchenette and an En-suite bathroom. Prices start from as low as £65,000 with a flexible payment plan in place.

As mentioned, payment is spread throughout the build and, what’s more, 5% interest will be paid on all deposited funds until the development is complete.

The development is especially built to take into consideration the accommodation requirements of students studying at both Keele and Staffordshire Universities. With a massive shortage of quality self-contained accommodation in the area, Keele House is set to deliver a unique and unrivaled option for students at an incredibly competitive price.

As the popularity of international students in the UK grows and the amount of postgraduates at record levels, Keele House will provide first-class living standards coupled with a full range of facilities and communal meeting spaces. All to meet and exceed the growing standards students have nowadays.

Keele House is located in Newcastle-Under-Lyme’s town centre, just a short walk from the shopping centre, public transport links, banks, bars, cinema and supermarkets. Just a few minutes to Stoke-on-Trent, the location is within easy reach of the city’s many attractions.

Keele House provides the luxury of being central to the town but also within just 5 or 10 minutes from each of the two Universities of Keele and Staffordshire. With a scarcity of new, quality accommodation, this already well developed town offers the perfect environment for investors. There is a generous 9% net rental assurance for 5 years and with demand for more purpose built student housing at an all time high, this is an investment that is perfect for any investor looking to broaden their portfolio. Fill out the form on the right today to get more information about investing in Keele House.
Floorplan(s): Floorplan 1

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Market activity
Average price paid £159,972 Sales 993 Current average value £167,716 (Zoopla Zed-Index) Value change £973 ▲ 0.58%

Property value data/graphs for ST5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £260,642 £197 3.6 £243,165
Semi-detached £153,253 £171 3.0 £148,638
Terraced £104,158 £126 2.5 £98,765
Flats £126,663 £191 1.7 £135,511

Current asking prices in ST5

Average: £214,261
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £160,000
(1)
£132,915
(71)
£186,093
(114)
£362,283
(43)
£482,368
(19)
Flats £76,561
(22)
£126,444
(16)
£250,000
(1)
- -
All £80,189
(23)
£131,725
(87)
£186,649
(115)
£362,283
(43)
£482,368
(19)

Current asking rents in ST5

Average: £641 pcm
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £347 pcm
(22)
£518 pcm
(25)
£724 pcm
(25)
£971 pcm
(13)
£1,134 pcm
(3)
Flats £469 pcm
(28)
£768 pcm
(22)
£1,006 pcm
(4)
- -
All £416 pcm
(50)
£635 pcm
(47)
£763 pcm
(29)
£971 pcm
(13)
£1,134 pcm
(3)

Fun facts for ST5

Highest value in ST5
Highest value streets Zed-Index
Whitmore Heath £828,787
Allensway £639,065
Snape Hall Road £620,830
The Brampton £559,060
Acton, Newcastle-under-Lyme ST5 £501,086
Highest turnover in ST5
Highest turnover streets Turnover
Ashridge Avenue 50.0%
Reedmace Walk 45.8%
Hawkstone Close 45.5%
Milborne Drive 45.5%
Allensway 42.9%

What Zoopla users think of Hanley

Overall rating:

  • currently 3.5 stars
Good - 74% (42 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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  • currently stars
  • 1
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  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
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  • 4
  • 5

Nearby transport

  • Stoke-on-Trent (1.7 miles)
  • Longport (2.1 miles)
  • Longton (3.8 miles)
  • Manchester International Airport (23.8 miles)
  • Liverpool John Lennon Airport (34.3 miles)
  • East Midlands Airport (39.3 miles)
  • Woodside Birkenhead Ferry Terminal (42.1 miles)
  • Liverpool Pier Head Ferry Terminal (42.1 miles)
  • Liverpool Isle of Man & Dublin Terminal (42.2 miles)

Nearby schools

View all schools in Newcastle-under-Lyme
  • Hassell Primary School (0.1 miles)
  • Harpfield Primary Academy (0.3 miles)
  • St Mary's Catholic Primary School (0.5 miles)
  • Martec Training (0.6 miles)
  • Newcastle and Stafford Colleges Group (0.7 miles)
  • Regent College (1.4 miles)
  • Newcastle-under-Lyme School (0.2 miles)
  • Blackfriars School (0.5 miles)
  • Coppice Academy (0.6 miles)
Note: Distances are straight line measurements

Local info for Newcastle-under-Lyme

AskMe Q&A for Newcastle-under-Lyme

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For more information about this property, please contact
Aspen Woolf, N1 on +44 20 7768 0120 * (local rate)

Monthly running costs Beta

£437 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,000
Repayment term 25
Interest rate 1.5
Your payment £251 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £13/mo (£161/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

What more do I get

Up to 9 smart home sensors

Included in the price of your cover

Home emergency assistance

Included in the price of your cover

Contents cover

£75,000 to Unlimited

Buildings cover

£750,000 to Unlimited

Energy

Gas £20 Electricity £27 Estimated energy cost £47/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6100 kWh/year
Electricity: 2000 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Newcastle-under-Lyme

Estimated tax band A Council tax cost £106 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £11 Sewerage £9 Estimated water cost £20 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Aspen Woolf about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Aspen Woolf, and do not constitute property particulars. Please contact Aspen Woolf for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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