£52,500
Studio flat for sale
Newcastle, ST5
studio Flat Property description
Stylish Studio Investment Opportunity in Keele House, Newcastle-under-LymeFlat 61 - Keele House, The Medway, ST5 1LD? Prime Student Investment? Fully Furnished? Tenanted Until 2026? 7% Net Yield ? 52,500This exceptional corner studio apartment in the ever-popular Keele House development offers a rare chance to secure a high-yielding, hands-off investment in the thriving student hub of Newcastle-under-Lyme.Completed in 2017, this purpose-built development caters exclusively to students and boasts full rental occupancy since launch-an impressive testament to its ongoing demand and location.* Please Note - Images are for reference only and may not be the exact apartment for sale.* Tenanted until August 2025* 170 per week on a 51-week term* Modern, high-spec studio with contemporary furniture included* Part of a professionally managed block by Urban Student Life (USL)Investment Highlights:* NET Yield: 7%* Lease Length: 125 years* Service Charges, Lettings & Ground Rent:* Management Fee (USL): 165.99/qtr* Letting Costs (USL): 215.79/qtr* IPM Service Charge: 1,121.18 half-yearly* Ground Rent (E&M): 205.92 half-yearly* Insurance: 189.25 annually* Letting Fees: 863.16 annually* Rental Guarantee: Not currently in place* Payment Terms: 100% on exchange/completionSupporting Documents:Floorplans: AvailableBrochure: Available on requestProfessional management and letting in place via USLPlease contact us for access details and to receive the full brochure.Tenure: Leasehold (125 years)Ground Rent: 411.84 per yearService Charge: 2,242.36 per yearUSL Management Fee - 165.99 per quarterUSL Letting Costs - 215.79 per quarterInsurance - 189.25 annually
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First listed
Over a month agoNewcastle, ST5
Marketed by
Residential Estates Kinnerton House, Bell Meadow, Cuckoos Nest,,Pulford, Chester,,Cheshire,CH4 9EPCall agent on 0124 434 3355
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