Stoke-on-Trent, ST4 4AB | Investment Property for Sale | VES-ST4-004

Opportunity to purchase an apartment in Stoke generating £8,400 rent pa & gross yield of 14%

Offers in excess of

£60,000

Studio apartment

VES-ST4-004

INITIAL INVESTMENT

£19,300

Based on

deposit: £15,000

stamp duty: £1,800

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£8,400

GROSS YIELD

14.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Share of Freehold

SERVICE CHARGE

£1,105

1 bedroom

1 bathroom

0

290

Fully Furnished

Share of freehold information

  • Length of lease: 999 years
  • Year lease started: 2014
  • Years left on lease: 990 years (from 2023)
  • Ground rent: n/a
  • Ground rent review period: n/a
  • Service charge review period: tbc

Property information

  • Located on the second floor
  • Studio room with ensuite bathroom
  • Comes with kitchen
  • Fully furnished
  • EPC rating: D
  • Council tax band A
  • Monthly rental income £700; bills inclusive (electricity, water & council tax)

Running costs

The vendor provided the following estimates of the running costs:

  • Council tax: £75 pcm
  • Water: £12.50 pcm
  • Electricity: £75 pcm
  • Total cost pcm: £162.50
  • Total cost pa: £1,950

Location information

  • The property is located in the centre of Stoke-on-Trent
  • All amenities are just a short walk away
  • Stoke railway station can be reached in 11 minutes on foot
  • Staffordshire University campus is half a mile from the property
  • Easy access to the A500

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

The internal photos are not of the exact unit and are for illustrative purposes only. However, they do represent another unit in the building.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Stoke-on-Trent, West Midlands

Stoke-on-Trent is a city in the county of Staffordshire in the West midlands of England. The city is situated 15.1 miles south east of Crewe, 20.3 miles south of Macclesfield and 33.5 miles west of Derby.

This area is serviced by Stoke-on-Trent railway station which is a mainline railway station on the West coast main Line and is managed by Virgin Trains. Virgin Trains offers fast train routes to London Euston and another service to Milton Keynes Central both of which are non-stop. Northern operates two services along the Stoke-Manchester Line, of which Stoke acts as the terminus station. East Midland Trains operate services along the Crewe to Derby Line.

The main shopping centre in this city is the Potteries Shopping Centre, which houses around 90 stores and restaurants. Major popular high street brands such as Next, New Look, Gap, HMV all have shops here.

The city has an array of cultural attractions in the area known as The Cultural Quarter, here one can find The Potteries Museum & Art Gallery, the Regent Theatre and the Victoria Hall. Smaller venues such as the Dazed Gallery and AirSpace provide the city’s only contemporary art gallery spaces.

Stoke-on-Trent city council is the biggest employer in the city, followed by the Royal Stoke University Hospital which employs over 7,00 members of staff alone. There are several large employers in town and around 9,000 firms, including bet365, a large Vodafone call centre. Other large employers such as the Michelin tyre company which has a complex in the city including its commercial office, training centre and a truck tyre re-treading facility. The Co-Operative Pharmacy and Sainsbury’s supermarket both have large warehouses in the city.

South Wolfe Street,

Stoke-on-Trent,

Stoke-on-Trent,

England,

ST4 4AB

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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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