£65,000
1 bedroom flat for sale
The Midway, Staffordshire ST5
flat 
1 bedroom Property description
Investment Opportunity with 12% yield
TENANT IN SITU
High quality Student apartment situated in the middle of Newcastle-Under-Lyme.
The Metropolis development is a 10 storey in total. Sizes range from 18 m2 to 32 m2. Each studio is designed to respond to the current market demand for studio accommodation, including: en-suite bathrooms, bespoke kitchens and separating living, study and sleeping areas.
The building provides amenities including:
• Group study area
• Café style common room
• Laundrette
• Cycle storage
• Parcel delivery room
Situated at the heart of Newcastle-Under-Lyme, The Metropolis is ideally located to benefit from both Keele University and University of Staffordshire with excellent transportation links and easy walking distance to city centre with multiple shops and restaurants, providing a convenient location for student residence.
The current tenant is paying £137 per week for 51 weeks =£6987. There is already a booking in for 25/26, £155 per week for 51 weeks=£7905. The management fee is 8.50% and the annual service charge is £1810.44
Council Tax - STUDENTS EXEMPT
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
NLY250177/2
TENANT IN SITU
High quality Student apartment situated in the middle of Newcastle-Under-Lyme.
The Metropolis development is a 10 storey in total. Sizes range from 18 m2 to 32 m2. Each studio is designed to respond to the current market demand for studio accommodation, including: en-suite bathrooms, bespoke kitchens and separating living, study and sleeping areas.
The building provides amenities including:
• Group study area
• Café style common room
• Laundrette
• Cycle storage
• Parcel delivery room
Situated at the heart of Newcastle-Under-Lyme, The Metropolis is ideally located to benefit from both Keele University and University of Staffordshire with excellent transportation links and easy walking distance to city centre with multiple shops and restaurants, providing a convenient location for student residence.
The current tenant is paying £137 per week for 51 weeks =£6987. There is already a booking in for 25/26, £155 per week for 51 weeks=£7905. The management fee is 8.50% and the annual service charge is £1810.44
Council Tax - STUDENTS EXEMPT
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
NLY250177/2
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First listed
Over a month agoEnergy Performance Certificate
The Midway, Staffordshire ST5
Marketed by
Reeds Rains - Newcastle-under-Lyme 71 High Street Newcastle under Lyme ST5 1PNCall agent on 01782 933323
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
The Midway, Staffordshire ST5 - Streetview
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Reeds Rains - Newcastle-under-Lyme. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Reeds Rains - Newcastle-under-Lyme for full details and further information.
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