Summary - 31, CHASEWATER DRIVE, STOKE-ON-TRENT ST6 8GH
2 bed 1 bath Apartment
Turnkey rental with garage and strong headline yield for buy-to-let buyers.
Top-floor two-bedroom apartment with ensuite and separate bathroom
Open-plan living/kitchen with balcony and communal entry system
Single integral garage plus an additional parking space included
Estimated rent £775 pcm — strong gross yield potential
Long lease (999 years from 01/01/2004) removes short-lease risk
EPC C and electric room heating may raise tenant energy costs
Sold at auction — 10% deposit and buyers' fee payable on sale
Local area records above-average crime; check insurance and tenant demand
This top-floor two-bedroom apartment in a modern development is presented in good order and described as ready to rent. The flat includes an open-plan living/kitchen with a balcony, an ensuite to the main bedroom plus a further bathroom, and benefits from uPVC double glazing and an intercom entry system. A single integral garage and additional parking space add practical value for tenants.
The property is being sold at auction on 27 November 2025 — a route suited to investors looking for a quick purchase and immediate rental income. With an estimated rent of £775 pcm (£9,300 pa) against a guide price of £50,000 the property offers a potentially high gross yield. The lease is long (999 years from 2004) which removes a common leasehold concern.
Buyers should note the sale is unconditional at the hammer and contractually binding on exchange; auction fees apply (10% deposit, minimum £5,000, plus a buyers’ fee of 1.2% minimum £1,500 inc. VAT). Running costs may be affected by electric room heating rather than gas central heating, and the EPC rating is C. The area records above-average crime levels, so factor this into tenant targeting and insurance costs.
Overall this apartment suits buy-to-let purchasers seeking a low-maintenance, newly renovated asset with ready-to-rent appeal and strong headline yields; ensure you review the legal pack, arrange viewings, and model net returns including auction fees and possible higher energy costs.
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