1 bed flat for sale

London Road, Newcastle ST5

We are delighted to offer this one bedroom apartment providing bright, spacious and contemporary accommodation set within the heart of Newcastle-under-Lyme, presenting an ideal investment opportunity for landlords and investors alike. The property offers high rental returns and long-term investment, with a potential rental income of around £700pcm (£84,000pa) at a 6.9% yield, generating a net income of around £3,793.99 after service charge and ground rent.

Additional information:

Council Tax Band: C

Local Authority: Newcastle-under-lyme

Lease Term: 999 years from 24 June 2005 (978 years remaining)

Ground Rent: £100 per annum

Service Charges: £3,600 per annum

*This information is based on information obtained via Land Registry and/or the vendor at the point of listing and will therefore need to be confirmed by a solicitor*

Legal disclaimer:

These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure


To be confirmed by the Vendor’s Solicitors
Possession


Vacant possession upon completion
Viewing


Viewing strictly by appointment through The Express Estate Agency