PBSA Studio Apartment

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PBSA Studio Apartment

PBSA Studio Apartment - One London Road
£75,000

Our Summary

  • Perfect for Keele University and Royal Stoke University Hospital students, this fully furnished property offers a hands-free investment opportunity with £199pw rental income for 51 weeks per year

Description

This studio apartment in Newcastle-under-Lyme is an attractive investment opportunity, offering a 10.24% net yield. The fully furnished property is located in the ONE London Road development, just 0.3 miles from the town centre and close to Keele University and Royal Stoke University Hospital. The apartment features a self-contained studio with a bedroom, kitchenette, desk area, en-suite bathroom, and a front-facing balcony. Residents have access to on-site amenities, including a gym, communal lounge with pool tables and TVs, and rooftop garden terraces. With high demand for private, fully enclosed student living spaces, this property is expected to generate £199 per week in rental income for 51 weeks per year, making it a hands-free investment opportunity. The property is available for £75,000 and is offered on a leasehold basis with a 125-year term, ground rent of £350 per year, and service charge of £1,442 per year.