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The expected rents are based on an estimated average of £450 pcm per apartment from the LHA. Once fully let the following is expected:
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Leek is a market town in Staffordshire and lies around 10 miles north-east of Stoke-on-Trent.
Both the A53 and the A523 go through the town connecting it to Buxton and Shrewsbury as well as Ashbourne, Macclesfield and Poynton, respectively.
The closest railway station is in Congleton, around 10 miles outside of Leek. It lies on the Manchester to Stoke-on-Trent branch of the West Coast Main Line and offers hourly train services to Manchester Piccadilly via Macclesfield and to Stoke-on-Trent.
Leek lies just on the south-westerly edge of the Peak District National Park which offers a wide variety of nature walks, visits to villages or plenty of activities including camping, horse riding, climbing, caving, fishing and water sports.
The town itself is also a popular destination as many Victorian period buildings are still standing. Leek has historic links with the Napoleonic Wars and the Arts and Crafts movement, and there are a number of buildings associated with William Morris who came to Leek to study dyeing and printing techniques in the 1870s.
One can find numerous independent shops in the town centre offering an alternative shopping experience to other city centres. There are traditional butchers, bakers, greengrocers, delicatessen and cafes. The Victorian Butter Market offers a traditional indoor market whilst the Market Place is an outdoor market, with both offering wares ranging from fine foods, collectables, antiques and general goods. There is also a regular Sunday market offering local produce.
Education in Leek is provided by a small number of first and middle schools as well as Leek High School, Westwood College and Leek School of Art, which is part of Buxton & Leek College.
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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