Summary - 130 FLAT 56 LONDON ROAD NEWCASTLE ST5 1AS
1 bed 1 bath Apartment
Low-cost, high-yield flat minutes from Keele with concierge, gym and roof terrace.
Potential gross yield circa 12% stated by vendor
This immaculate one-bedroom studio apartment is arranged as a compact double-bedroom bedsit with a separate kitchenette and a shower wet room. It sits in a modern building close to Keele University and Royal Stoke Hospital, making it especially suitable for students or staff seeking low-maintenance accommodation.
The block offers strong on-site amenities: 24/7 concierge, a residents’ gym, a roof terrace with views and a dedicated off-street parking space. The flat has an EPC rating of A and falls under a very low council tax band A, keeping running costs down for occupants.
For investors the numbers are clear: the vendor states a potential gross yield of around 12%. The long lease (245 years remaining) reduces medium-term tenure risk, while the compact studio layout supports easy lettings to the local student market.
Buyers should note material local and financial factors: the neighbourhood records higher crime rates and is classified as deprived, which can affect rental premiums and tenant mix. There is an ongoing ground rent of £350 (average) and likely service charges for communal amenities—factor these into net yield calculations. The apartment is small and best suited to single occupiers rather than families.
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