Summary - Flat 129, Keele House, The Midway, NEWCASTLE ST5 1LD
1 bed 1 bath Studio
Immediate, fully managed rental income close to two universities and city transport links.
High-floor sixth-floor studio with furnished kitchen and bathroom
Located in completed, fully tenanted student block (160 units)
Immediate income with estimated 4–5% annual return
Hands-off management and full legal title in place
125-year lease from new; built in 2016
Service charge approx £2,500 pa and ground rent £350 pa
Electric room heaters only (no gas central heating)
Local area: very high crime and deprived wider area
This sixth-floor studio in Keele House is offered as a ready-made rental investment, fully tenanted within a completed purpose-built student block. Built in 2016, the development provides furnished self-contained units with communal facilities including 24/7 concierge, CCTV, laundry, gym and study/IT rooms — ideal for letting to nearby Keele and Staffordshire university students.
The flat produces immediate cash flow with an indicated 4–5% return and comes with full legal title and hands-off management in place. The long lease (125 years from new) gives security of tenure and no Stamp Duty is payable on this purchase, which helps reduce upfront cost.
Buyers should note ongoing costs and local context: an estimated service charge of around £2,500pa and ground rent of £350pa will affect net yield. Heating is electric room heaters (no gas central heating) and the local area records very high crime and overall deprivation indicators, factors to weigh for long-term capital growth. The property is compact and designed for student occupancy rather than long-term family living.
Studio flat for sale in The Midway, Newcastle Under Lyme, Staffordshire, ST5 — £39,000 • 1 bed • 1 bath
Studio flat for sale in Keele House, The Midway, Newcastle, ST5 — £45,000 • 1 bed • 1 bath
1 bedroom apartment for sale in Keele House, The Midway, Newcastle-under-Lyme, ST5 — £55,000 • 1 bed • 1 bath
1 bedroom flat for sale in Flat 38, Keele House, The Midway, Newcastle-under-Lyme, Staffordshire, ST5 — £50,000 • 1 bed • 1 bath
Studio flat for sale in Keele House, Newcastle, ST5 — £45,000 • 1 bed • 1 bath
1 bedroom apartment for sale in The Midway, Newcastle, Staffordshire, ST5 — £65,000 • 1 bed • 1 bath
