Tenanted & Furnished | High Yielding | Just £136 per square foot | 8.64% Gross Yields

Tenanted & Furnished | High Yielding | Just £136 per square foot | 8.64% Gross Yields

Generating huge gross yields of up to 8.64%, this is a very large 2-bedroom apartment situated just 0.3 miles from Newcastle-under-Lyme town centre. Priced at just £118,000, working out at a competitive £136 per square foot. As this apartment is already tenanted you will benefit from an income from day one. Tenants have access to on-site parking and are positioned in a prime location, just walking distance from a wide range of shops, bars and restaurants – this is a perfect hands-off investment.

The key driver for tenant demand will no doubt arrive from the Royal Stoke University hospital which is just 1.2 miles away, as well as Keele University, a top 50 UK ranked university in both The Guardian and The Times respective rankings and the University of Staffordshire with over 17,000 full time students. With both Bet365 and Vodaphone providing high levels of employment in the area, employing roughly 3,000 and 1,100 staff respectively, as well as the potential for significant investment of up to £25 million to facilitate future economic growth in the near future, the area of Newcastle-under-Lyme looks well positioned to realise rapid house price growth.

Newcastle-under-Lyme has a bustling centre with many popular high street shops. With the addition of two shopping centres located nearby, including the hugely popular Wolstanton Retail Park less than a 10 minute drive away, there is enough here to satisfy any shoppers needs. With a variety of leisure and cultural activities in the area, including modern cinemas, health clubs and coffee shops, the area represents a vibrant place to live, work and socialise.

Financial Example - Two Bedroom Apartment