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OneLondon Road, Newcastle under Lyme ST5 1 bed apartment for sale
Flat 26 Block 3, OneLondon Road, Newcastle under Lyme, Staffordshire, ST5 1LZ
£40,000
Flat 26 Block 3, OneLondon Road, Newcastle under Lyme, Staffordshire, ST5 1LZ
£40,000
Our Summary
- Guide Price £40,000 * Plus 5% Buyers Premium + VATFor sale by unconditional online auction
- To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
- Pre Auction Offers Are ConsideredThe seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
- EXCELLENT INVESTMENT OPPORTUNITY
Description
For sale by unconditional online auction, this one-bedroom studio flat with en-suite bathroom is an excellent investment opportunity, generating a 20% gross yield. The flat is currently rented until July 2025 at a weekly rent of £150 and comes with its own dedicated parking bay. Located in the One London Road building, it offers access to a fully equipped gym, laundry, and a large rooftop terrace. The property is situated in an ideal location, with easy access to the town centre, university hospital, and shopping area, as well as regular bus services to nearby universities and the city centre. The buyer will pay a 5% deposit and a 5%+VAT buyer's premium, and contracts will be exchanged 28 days following the auction. The seller may consider pre-auction offers prior to the auction date, which will be subject to the same auction conditions.