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Studio for sale
The Midway, Newcastle ST5
£18,000
The Midway, Newcastle ST5
£18,000
Our Summary
- *For sale by online auction* *Pre-Auction offers considered* STUDENT INVESTMENT PROPERTY - A modern studio apartment which is ideal for student living, positioned within Newcastle-under-Lyme town centre, close to an abundance of shops, amenities, bars and restaurants as well as great transport links nearby
- AUCTION
- This property is for sale via Online Auction
- This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
- The auction will run for 3 hours on a set date and time chosen by the vendor of the property
- The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
- Properties may be sold prior to public auction if an offer is accepted by the vendors
- *Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction
- *Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold
Description
This modern studio apartment is a fantastic student investment opportunity, located in the heart of Newcastle-under-Lyme town centre, close to Keele University. The property is fully furnished and currently let at £130 per week for a 51-week period, providing a high-yielding return on investment. The apartment is part of a purpose-built student accommodation block, offering a range of amenities including a communal lounge, study area, on-site laundry facilities, and a fully equipped gymnasium. The property is being sold via online auction, with the winning bidder required to pay a 10% deposit and complete within 28 days. The vendor is open to pre-auction offers, making this a great opportunity for investors to secure a profitable property in a fast-growing investment market.