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Studio flat for sale
London Road, Newcastle-Under-Lyme, ST5
£45,000
London Road, Newcastle-Under-Lyme, ST5
£45,000
Our Summary
- FOR SALE VIA AUCTION
- For pre-auction offers contact SDL auctions on Call
- Auction DetailsThe sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type
- Auction Deposit and FeesThe following deposits and non- refundable auctioneers fee apply:• 10% deposit (subject to a minimum of £5,000)• Buyers Fee of 1
- Additional InformationFor full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
Description
This modern apartment is located in Newcastle-under-Lyme and is part of a purpose-built development with various on-site facilities. The ground floor apartment features an open-plan living area with kitchen facilities and an ensuite shower room. The property is situated near the A34 and is within walking distance to the town center and major roads. The apartment is available for sale via auction and has an average current yield of 9%. The leasehold property has a 125-year lease from 2021, with ground rent of £350 per annum and a management fee of 5.5% plus VAT. The rental income for the academic year 2024/25 is approximately £8,600, with a 51-week term. The property is exempt from council tax for students.