31 Albert Street, Newcastle, ST5 1JP Mixed use for sale

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31 Albert Street, Newcastle, ST5 1JP Mixed use for sale

31 Albert Street, Newcastle, ST5 1JP
£300,000

Our Summary

  • This vacant property comprises nine generously proportioned en-suite bedrooms, offering anexceptional opportunity for conversion or refurbishment to maximise income potential
  • Scope to generate a gross income of around £60,000 per annum

Description

This two-storey solid brick-built property, finished with painted render and a pitched clay tiled roof, offers a rare opportunity for conversion or refurbishment to maximize income potential. The vacant property has nine generously proportioned en-suite bedrooms, making it an exceptional option for student or key worker accommodation. Located close to Royal Stoke University Hospital and with excellent transport links to Keele and Staffordshire universities, the property is expected to command rental income of £500-£600 per room per month upon renovation, presenting a highly attractive yield for investors. The property is situated on Albert Street, approximately 0.3 miles east of Newcastle-under-Lyme town centre and within 1.2 miles of Royal Stoke University Hospital, making it an ideal location for those seeking a convenient and accessible residence.