1 bedroom shared living/flatmate for sale

Overview

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Yieldit are proud to present a selection of one- and two-bedroom apartments to the market. An ideal opportunity for investors looking to generate immediate income from completion, with long term tenants in situ and the opportunity for being operated as short term lets in the future this investment ticks all the boxes. Hempstalls Court has been tastefully transformed into some of the finest homes within the area, conveniently positioned close to local amenities, heritage and commercial centres. Newcastle-under Lyme is a charming 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. With the town being strategically placed on the commuter belt it makes the ideal base for working professionals ensuring a steady demand for high quality accommodation such as Hempstalls Court. 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.Financial BreakdownGross Rent: £8,580.00Net income: £7,490.71Gross yield: 7.03%Net yield: 6.14%Please contact agent for full financial breakdown.IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.yieldit ref: YL-07955