Summary - FLAT 72, 132, LONDON ROAD ST5 1FH
1 bed 1 bath Flat
Modern, low-maintenance studio near hospital and university — ready for rental income.
Purpose-built studio pre-let to student/medical market
A compact, purpose-built studio with dedicated parking in a modern development close to Royal Stoke University Hospital and Keele University. The ground-floor apartment is pre-let to the student/medical market, offering immediate rental exposure and low-maintenance living in a development with communal facilities including a gym, lounge, bike storage and courtyard.
Financially this is designed as a buy-to-let: current academic-year gross rental income is reported at approximately £8,619 (51-week period). Leasehold details: 125 years from 5 March 2021, ground rent £350 pa, service charge roughly £1,200 pa (paid from assured rent period), and a management fee of 5.5% plus VAT. Reported average yield is over 9% (subject to final confirmed rents and costs).
Important considerations: the property sits within a high-crime, deprived area classification which may affect long-term capital growth and tenancy risk. The development targets students and medical workers, and council tax band A is applicable but students may be exempt. Prospective buyers must factor in service charges, management fees and ground rent when modelling net returns. All appliances and services are untested; buyers should commission their own checks.
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