Summary - APARTMENT 5, 10, STOCKWELL STREET ST13 6DS
5 bed 5 bath Not Specified
Five fully let one-bed apartments in central Leek — immediate income and upgrade potential.
Fully let block of five one-bedroom apartments producing c. £33,240 pa
Georgian brick building arranged over three floors in town centre
All units let on assured shorthold tenancies — immediate income
Leasehold with 130 years remaining
Garage parking included
Main heating: electric room heaters — possible higher running costs
Located in a deprived area with higher-than-average local crime rate
Requires ongoing management; refurbishment could increase rents and value
A fully let block of five one-bedroom apartments positioned on Stockwell Street in the heart of Leek town centre. Arranged over three floors within a Georgian-style brick building, the block is currently producing c. £33,240 per annum from assured shorthold tenancies, offering immediate rental income for an investor.
Practical details that affect running costs and future spend: the properties use electric room heaters as the main heating source, and the building sits in a locally deprived area with a higher crime rate than average. The block is sold leasehold with 130 years remaining and includes a garage for parking — useful for tenant appeal or ancillary income.
This is a hands-on investment: all units are let now but the block will require ongoing management and periodic maintenance. There is clear refurbishment and rent-growth potential through modernising heating, kitchens and bathrooms, and improving communal areas. Buyers should allow for stock condition works and active tenant management given the central town-centre location.
Location is a strength for lettability: immediate access to town-centre amenities, transport links and nearby schools. The combination of immediate yield, long lease length and upgrade potential will suit investors seeking an income-producing asset with scope to add value.
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