Summary - 61, KEELE HOUSE, THE MIDWAY ST5 1LD
1 bed 1 bath Studio
Ready-made, professionally managed rental with strong yield in a busy student hub.
Purpose-built student studio, completed 2017
Tenanted until 2026 — immediate income
Long lease: 125 years remaining
Advertised net yield c.9.5%
Service charge £4,500 pa (above average)
Ground rent £411.84 pa
Local area: deprived with very high crime
Average broadband; excellent mobile signal
A compact, purpose-built studio in Keele House, completed 2017 and aimed at the student market, presents a straightforward hands-off investment in Newcastle-under-Lyme. The apartment is part of a professionally managed PBSA block and is currently tenanted, providing immediate rental income and predictable occupancy in a popular student location.
The property offers a long lease (125 years remaining) and strong headline returns — advertised at a c.9.5% net yield — making it suited to investors seeking income rather than owner-occupation. The studio is offered fully furnished and benefits from modern construction, neutral finishes and good mobile signal, all of which support ongoing rental appeal.
Buyers should note the material running costs: an above-average service charge of £4,500 per year and ground rent of £411.84. The local area scores as deprived with very high recorded crime levels, which may affect long-term capital growth and rental strategy. The flat is sold leasehold and is currently let until 2026, so short-term vacant possession is not available.
Overall this is a pragmatic investment for someone targeting student accommodation returns: immediate income, professional management, and a modern unit. It carries typical PBSA trade-offs — higher service charges and a neighbourhood profile that favours yield over capital uplift.
Studio flat for sale in The Midway, Newcastle Under Lyme, Staffordshire, ST5 — £39,000 • 1 bed • 1 bath
1 bedroom apartment for sale in The Midway, Newcastle, Staffordshire, ST5 — £65,000 • 1 bed • 1 bath
Studio flat for sale in Keele House, The Midway, Newcastle Under Lyme, Staffordshire, ST5 — £59,950 • 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
