132 London Road

Newcastle-Under-Lyme, ST5

Tenure: Leasehold

Nicholas Humphreys present this studio apartment in a purpose built apartment complex catering for students and medical workers.  This pre-let studio apartment is ideally located for Royal Stoke University Hospital and Keele University and is a ideal opportunity as a buy to let investment.  

One London Road is a modern development of purpose built investment apartments, with an range of on site facilities including communal roof terrace, communal lounge, gym, court yard and garden, disabled access, bike storage and more. 

This third floor apartment includes and an open plan living area with kitchen facilities and an ensuite shower room. 

Located off the A34; a great location within Newcastle-under-Lyme for students and medical workers with the town centre (with bus terminal)  within walking distance and links to major roads such the A500, A50 and M6 motorway. 

Leasehold 125 years from 5 March 2021.
Ground rent £350 per annum.
Management fee 8.0% plus VAT.
Last quarter service charge £384.17. Note the service charge is paid out of the assured rent period. Service charges are based on actual costs incurred in each quarter and pooled with other investors.
Rental income for academic year 2023/24 approx. Gross £8,700 - £172 per week on a 51 week term (before service charge, ground rent and management fee).  The apartment is currently being advertised to let for 2024/2025 for £750 pcm. 
Council tax band A

EPC rating: Unknown. Council tax band: A, Tenure: Leasehold, Annual ground rent: £350, Annual ground rent review period (years): 125,

Entrance

Wooden front door, inset ceiling light points, intercom, door to shower room, electric wall heater, open to living space

Living Space

3.93m x 2.80m (12'11" x 9'2")

Kitchen Area

Kitchen area: with fitted base and wall units with work surface incorporating a stainless steel sink and drainer with mixer tap, two ring electric hob with integral microwave below and integral extractor and light point above, integral fridge.

Living Area

Inset ceiling light points, double glazed window.

Shower Room

2.17m x 1.22m (7'1" x 4'0")

White suite comprising W/C, pedestal wash hand basin with mixer tap, double width shower enclosure with sliding glazed door and wall mounted mains shower, heated towel radiator, inset ceiling light points and extractor.

Agent Notes

Leasehold 125 years from 5 March 2021.
Ground rent £350 per annum.
Management fee 8.0% plus VAT.
Last quarter service charge £384.17. Note the service charge is paid out of the assured rent period. Service charges are based on actual costs incurred in each quarter and pooled with other investors.
Rental income for academic year 2023/24 approx. Gross £8,700 - £172 per week on a 51 week term (before service charge, ground rent and management fee). The apartment is currently being advertised to let for 2024/2025 for £750 pcm.
Council tax band A