One London Road, Newcastle

Property description

Great investment opportunity to purchase this 'classic plus' studio apartment in a very popular development of purpose built student accommodation (PBSA).

The development is located in the heart of Newcastle under Lyme approximately 0.3 miles south of the town centre. The site provides easy access to both Keele and Staffordshire Universities with a regular bus service just outside the development. The Royal Stoke Hospital and the amenities of the town centre are just a short walk away.

The accommodation to this apartment features a kitchenette and an en suite bathroom. There are also numerous communal areas including access to a gym, communal lounge with pool tables, laundry room, cycle store and roof garden terraces overlooking the park.

The apartments are fully managed and we are advised that Flat 62 is currently currently occupied from 09/09/23 – 07/09/24 at £172/week and is then booked from 07/09/24 – 19/07/25 at £179/week by the same student. Please refer to UrbanStudentLife.com for the average rental rate from August 2024 onwards. We understand the management fee is 5.5% plus VAT from the gross rent collected (EST. of 9% gross yield).

We are advised that this apartment has an allocated parking space on site.

Agents Note: Photos used are of an example apartment of the same design.