Summary - PALACE COURT APARTMENT 8 WARDLE STREET STOKE-ON-TRENT ST6 6AL
2 bed 1 bath Flat
Immediate income opportunity for investors seeking an entry-level rental asset.
- Two-bedroom leasehold flat, approx. 538 sq ft
- Long lease (982 years remaining) — low immediate lease costs
- Communal private off-street parking included
- Currently let with long-term tenants in situ, steady income
- Gross annual rent reported £4,800 (current tenancy)
- Small accommodation; may need cosmetic updating to lift rent
- Located in a deprived area with very high recorded crime
- Buyer’s premium applies on purchase — factor into costs
A compact two-bedroom leasehold flat in Stoke-on-Trent presented as a buy-to-let with long-term tenants in situ. The property occupies 538 sq ft within a modern, mid-rise block and includes communal private off-street parking — a practical feature for rental demand in the area. The existing tenancy produces a gross annual income of £4,800, making this an accessible entry-level investment at the listed price of £61,000. The lease length is effectively long (982 years remaining), reducing immediate lease-extension costs for a purchaser.
This is aimed squarely at investors and portfolio buyers: the flat is let to reliable long-standing tenants who wish to remain, providing immediate rental income and avoiding voids for the next owner. The building appears well-kept externally and the accommodation follows a traditional layout of lounge, kitchen, two bedrooms and a three-piece bathroom, suitable for lettings to singles, couples or small sharers.
Buyers should note material factors plainly: the local area records very high crime levels and is classified as deprived, which will influence tenant profiles, rental levels and resale outlook. The property is small and of modest specification; upgrade or redecoration may be required to increase rent or achieve a higher capital value. A buyer’s premium is applied to secure purchase — factor this into purchase costs.
Overall, this is a straightforward rental asset for a buyer seeking immediate income and a long lease, but it is best suited to investors comfortable operating in higher-risk urban markets and prepared to manage or invest in modest improvements to optimise returns.
2 bedroom flat for sale in Wardle Street, Stoke-On-Trent, ST6 — £64,000 • 2 bed • 1 bath • 549 ft²
2 bedroom flat for sale in Federation Road, Stoke-On-Trent, Staffordshire, ST6 — £53,900 • 2 bed • 1 bath • 581 ft²
1 bedroom flat for sale in Marsh Parade, Newcastle Under Lyme, Staffordshire, ST5 — £100,000 • 1 bed • 1 bath • 377 ft²
2 bedroom terraced house for sale in Summerbank Road, Stoke-On-Trent, ST6 — £172,000 • 2 bed • 3 bath • 1055 ft²
3 bedroom semi-detached house for sale in Pinfold Avenue, Stoke-On-Trent, Staffordshire, ST6 — £112,500 • 3 bed • 2 bath • 883 ft²
2 bedroom flat for sale in Glebedale Court, Fenton, Stoke-on-Trent, ST4 3LT, ST4 — £80,000 • 2 bed • 1 bath • 472 ft²
