1 bed flat

This investment opportunity offers a 12% yield and features a high-quality student apartment located in the heart of Newcastle-Under-Lyme, within walking distance to Keele University and the University of Staffordshire. The Metropolis development is a 10-storey building with studio apartments ranging from 18-32 square meters, each equipped with en-suite bathrooms, bespoke kitchens, and separate living, study, and sleeping areas. The property provides amenities such as a group study area, café-style common room, laundrette, cycle storage, and parcel delivery room. The current tenant is paying £6,987 per annum, and there is already a booking in place for the next academic year. The management fee is 8.50%, and the annual service charge is £1,810.44. The property also benefits from council tax exemption for students.