Initial price	£75,000
28/09/24	£70,000
Price Change	-6.67%

This modern purpose-built student studio apartment is located in the town centre of Newcastle-under-Lyme, within the Keele University catchment and close to various amenities. The upper-floor apartment features an open-plan living space with kitchen area, bedstead, wardrobe, and desk, as well as a shower room and storage. The building offers communal facilities, including a concierge desk, seating and study area, laundry room, and bicycle storage, with lift and stair access. The property is currently let on a 51-week term, generating a gross income of £7,701 per year, and is offered for sale with tenants in situ. The leasehold property has a 250-year term from January 2020, with a service charge of approximately £1,630 per annum and ground rent of £300 per annum, resulting in an average return of around 6%.