Grove House, King Street, Newcastle-under-Lyme, Staffordshire ST5 1EH
Size: sqm
Purchase price
£89,000
Size: sqm
Tenanted
Gross rent | £8,400 |
Ground rent | £300 |
Service charge | £2,200 |
Net income | £5,900 |
Gross yield | 9.44% |
Net yield | 6.63% |
Add this lovely unique property to your portfolio and generate an impressive yield of 6.63% NET from completion. This beautiful 84sqm one bedroom apartment comprises of a spacious lounge with dining area and storage cupboard, leading to separate kitchen which is fully fitted with a range off wall and base units. Patio doors lead to an enormous private courtyard which is ideal for unwinding and enjoying the summer months. From the kitchen off the hallway is the large double bedroom with window facing the courtyard, storage utility area and family bathroom. The apartment also comes with it’s own off road parking space.
Newcastle-under Lyme is a market town in North Staffordshire. The town has a population of over 75,000 and has become a very popular choice for students studying at the nearby Keele University. This university was founded in 1949 and is the UK’s largest campus university combining research facilities and a science park. Additionally, being just 7 minutes from Stoke city centre it perfectly on the commuter belt making this the ideal let for working professionals.
Newcastle-under-Lyme Borough secured £11million from the Government’s Future High Street Fund for the Ryecroft development blueprint, with £3.5million allocated to the car park development and £3million for York Place, with plans in the work for public open spaces, shops and offices and take the next steps towards the building of a 100-bed hotel. Such plans will inevitably provide a boost to the local economy, create jobs and increase the desirability of the area which will have a positive impact on rents and property values. Don’t miss out and enquire today.
EXCELLENT INVESTMENT OPPORTUNITY WITH THIS 84SQM ONE BEDROOM APARTMENT! Located in the heart of Newcastle-Under-Lyme, this apartment really is an ideal investment, enquire today to avoid disappointment.
Interested in this property? Enquire today for more information
Key features
Tenanted property
Ideal investment opportunity
Yielding 6.63% net yield
Unique ground floor apartment
Private courtyard
Parking
Spacious accommodation throughout
One double bedroom
Fully-fitted kitchen
Overlooking Brompton Park
EXCELLENT INVESTMENT OPPORTUNITY WITH THIS 84SQM ONE BEDROOM APARTMENT! Located in the heart of Newcastle-Under-Lyme, this apartment really is an ideal investment, enquire today to avoid disappointment. More info... Less info...
Add this lovely unique property to your portfolio and generate an impressive yield of 6.63% NET from completion. This beautiful 84sqm one bedroom apartment comprises of a spacious lounge with dining area and storage cupboard, leading to separate kitchen which is fully fitted with a range off wall and base units. Patio doors lead to an enormous private courtyard which is ideal for unwinding and enjoying the summer months. From the kitchen off the hallway is the large double bedroom with window facing the courtyard, storage utility area and family bathroom. The apartment also comes with it’s own off road parking space.
Newcastle-under Lyme is a market town in North Staffordshire. The town has a population of over 75,000 and has become a very popular choice for students studying at the nearby Keele University. This university was founded in 1949 and is the UK’s largest campus university combining research facilities and a science park. Additionally, being just 7 minutes from Stoke city centre it perfectly on the commuter belt making this the ideal let for working professionals.
Newcastle-under-Lyme Borough secured £11million from the Government’s Future High Street Fund for the Ryecroft development blueprint, with £3.5million allocated to the car park development and £3million for York Place, with plans in the work for public open spaces, shops and offices and take the next steps towards the building of a 100-bed hotel. Such plans will inevitably provide a boost to the local economy, create jobs and increase the desirability of the area which will have a positive impact on rents and property values. Don’t miss out and enquire today.
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
Gross rent | £8,400 |
Ground rent | £300 |
Service charge | £2,200 |
Net income | £5,900 |
Gross yield | 9.44% |
Net yield | 6.63% |
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
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yieldit is a company registered in England and Wales. Registered number: 5236745.