Summary - Flat 38, Keele House, The Midway, NEWCASTLE ST5 1LD
1 bed 1 bath Flat
Chain-free, fully managed student studio with onsite gym and concierge..
Fully managed studio with en-suite shower and onsite concierge
Gym, communal lounge and secure building with garage parking
Town-centre location near Keele University and local amenities
Built 2016; modern construction with standard ceiling heights
Leasehold — documents indicate c.116 years remaining on the lease
Service charge c.£2,242/year and ground rent £412/year
Area classed as deprived and crime level reported as very high
Mortgageability flag noted — some lenders could refuse to lend
Step into a hands-off student investment at Flat 38, Keele House, a modern studio apartment built in 2016 and positioned in Newcastle-under-Lyme town centre. The property is fully managed by an experienced onsite team with concierge, gym and communal lounge facilities, making it straightforward to let to students and maintain occupancy.
The apartment includes an en-suite shower and secure gated access with allocated garage parking. It is close to local shops, transport links and Keele University, supporting steady student demand. The current management reports an income of £158 per week over 51 weeks.
Be clear on the running costs and local context: the annual service charge is around £2,242 and ground rent £412. The area has a high crime statistic and is classed as deprived, which may affect tenant mix and re-sale appeal. The property is leasehold — the file notes approximately 116 years remaining on the lease, though a prior flag suggests some lenders might impose restrictions; buyers should confirm mortgageability with their lender.
This is a straightforward, chain-free purchase for an investor seeking ready-made student income and minimal day-to-day involvement. Conduct standard due diligence on financing, management terms and local rental projections before committing.
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