Summary - PALACE COURT APARTMENT 17 WARDLE STREET STOKE-ON-TRENT ST6 6AL
2 bed 1 bath Flat
Immediate rent roll with long-term tenants, ideal for hands-off investors.
- Two-bedroom leasehold flat, about 549 sq ft
- Long lease: 982 years remaining
- Communal private off-street parking available
- Long-term tenants in place (13 years) and wish to stay
- Current gross income £5,040 pa (approx. 6.7% gross yield)
- Area is deprived with very high recorded crime levels
- Buyer’s premium applies on purchase (additional fee)
- Small overall size; limited appeal for larger households
A compact two-bedroom leasehold flat in a purpose-built block on Wardle Street, offered with long-term tenants in situ. The property is presented as a straightforward buy-to-let: communal private parking, two bedrooms, lounge, kitchen and a three-piece bathroom within about 549 sq ft. Tenancy has produced consistent income of £5,040 pa, which equates to an approximate gross yield of 6.7% at the current asking price of £75,000.
This is primarily an investor-led opportunity. The current tenants have occupied the flat for 13 years and wish to remain; any buyer should expect the tenancy to continue and check the Let Property Pack for full tenancy and legal documentation. The lease is long (982 years remaining), which removes a common lease-length concern for investors.
Be candid about local market factors: the property sits in a deprived urban area with very high recorded crime levels. Those conditions can affect tenant demand, rental growth and resale aesthetics, so factor risk into purchase calculations. A buyer’s premium will be applied on sale—buyers must allow for that additional fee when budgeting.
Overall, this flat suits investors seeking an immediate income-producing asset with secure long-term occupation and private parking. It is small and urban, so it is less likely to suit buyers seeking larger family accommodation or a quiet suburban setting.
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