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Studio for sale

£64,000

The Midway, Newcastle Under Lyme ST5

1

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Property features

  • 8% net rental income assured until Aug 2020
  • Modern Penthouse Unit
  • 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

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.
Floorplan(s): Floorplan 1

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Market activity
Average price paid £165,225 Sales 972 Current average value £169,672 (Zoopla Zed-Index) Value change -£2,546 ▼ -1.48%

Property value data/graphs for ST5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £265,774 £204 3.6 £254,305
Semi-detached £152,103 £170 3.0 £150,257
Terraced £108,687 £130 2.5 £110,126
Flats £125,929 £192 1.7 £108,810

Current asking prices in ST5

Average: £233,907
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £65,000
(1)
£124,822
(51)
£228,072
(83)
£402,959
(60)
£525,657
(15)
Flats £83,957
(13)
£127,647
(17)
- - -
All £82,603
(14)
£125,528
(68)
£228,072
(83)
£402,959
(60)
£525,657
(15)

Current asking rents in ST5

Average: £751 pcm
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £378 pcm
(27)
£548 pcm
(32)
£897 pcm
(28)
£1,186 pcm
(31)
£1,499 pcm
(1)
Flats £456 pcm
(38)
£722 pcm
(43)
£1,297 pcm
(5)
- -
All £423 pcm
(65)
£648 pcm
(75)
£958 pcm
(33)
£1,186 pcm
(31)
£1,499 pcm
(1)

Fun facts for ST5

Highest value in ST5
Highest value streets Zed-Index
Whitmore Heath £798,918
Allensway £650,244
Snape Hall Road £631,217
The Brampton £588,095
Acton, Newcastle-under-Lyme ST5 £499,730
Highest turnover in ST5
Highest turnover streets Turnover
Ashridge Avenue 54.5%
Milan Drive 52.4%
George Street 50.0%
Magenta Drive 47.1%
Peacock Walk 47.1%

What Zoopla users think of Newcastle-under-Lyme

Overall rating:

  • currently 4 stars
Very good - 78% (116 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Newcastle-under-Lyme:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Stoke-on-Trent (1.9 miles)
  • Longport (2.2 miles)
  • Longton (4.0 miles)
  • Manchester International Airport (23.9 miles)
  • Liverpool John Lennon Airport (34.1 miles)
  • East Midlands Airport (39.5 miles)
  • Woodside Birkenhead Ferry Terminal (41.9 miles)
  • Liverpool Pier Head Ferry Terminal (42.0 miles)
  • Liverpool Isle of Man & Dublin Terminal (42.1 miles)

Nearby schools

View all schools in Newcastle-under-Lyme
  • Hassell Primary School (0.2 miles)
  • St Giles' and St George's Church of England Academy (0.3 miles)
  • St Mary's Catholic Primary School (0.3 miles)
  • City of Stoke-On-Trent Sixth Form College (2.1 miles)
  • Biddulph High School (7.0 miles)
  • Alleyne's Academy (7.8 miles)
  • Blackfriars Academy (0.3 miles)
  • Newcastle-under-Lyme School (0.4 miles)
  • St John Fisher Catholic College (0.5 miles)
Note: Distances are straight line measurements

Local info for Newcastle-under-Lyme

About the neighbours in ST5

AskMe Q&A for Newcastle-under-Lyme

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Arrange Viewing

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

Monthly running costs Beta

£408 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,400
Repayment term 25
Interest rate 1.5
Your payment £230 /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

Contents value up to £80,000 Average insurance cost £4/mo (£42/yr)
Compare insurance deals now 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

Energy

Gas £21 Electricity £27 Estimated energy cost £48/mo

Similar properties could save up to £183

How Much Could I Save? 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.

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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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