Affordable central flat near university and hospital, ideal for investors or renters.
Well-located close to university, hospital and public transport
581 sq ft; compact two-bedroom apartment, modern build (2003–2006)
Long lease (~230 years) — secure tenure for buyers and lenders
Off-street parking available for residents
Very high annual service charge (£9,756) — reduces rental yield
Electric room heaters only — higher energy running costs possible
Area classified as student/professional neighbourhood; high local crime
Council tax low; broadband speeds fast
This compact two-bedroom apartment on Penstock Drive is a practical, low-entry investment in Stoke-on-Trent. Built in the early 2000s, it offers double glazing, good broadband and off-street parking — useful for tenants or owner-occupiers seeking easy transport links to the university and hospital.
The flat totals about 581 sq ft and has electric room heaters; heating is electric only, so factor running costs into budgeting. The lease is long (approximately 230 years), council tax is described as low, and the building’s double glazing and modern construction reduce immediate maintenance needs.
Notable costs include a high service charge (£9,756) and a ground rent of £300, which materially affect net yields for investors and monthly affordability for owners. The location is classified as a cosmopolitan student neighbourhood with high crime and area deprivation, which supports rental demand from students and professionals but may deter some long-term owner-occupiers.
Overall this is best suited to investors or buyers wanting a small, modern apartment near the university and hospital who understand the service charge and local area context. Buyers should verify heating, appliances and service charge breakdowns, and factor safety and running costs into any offer.