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1 bedroom flat for sale
London Road, Newcastle Under Lyme
£60,000
London Road, Newcastle Under Lyme
£60,000
Price History
| Initial price | £70,000 |
| 15/08/25 | £60,000 |
| Price Change | -14.29% |
Description
This studio apartment is located in a purpose-built complex catering to students and medical workers, with Royal Stoke University Hospital and Keele University nearby. The property features an open-plan living area with kitchen facilities and an ensuite shower room, and comes with a parking space. The complex offers a range of on-site amenities, including a communal lounge, gym, courtyard, and garden. The location is ideal for those who work or study in the area, with the town centre and bus terminal within walking distance. The property is a buy-to-let investment opportunity, with an average yield of over 9%. The leasehold term is 125 years from March 2021, with ground rent, management fee, and service charge payable. The rental income for the academic year 2023/24 is approximately £8,619, with a weekly rent of £169 on a 51-week term.