The developer’s third purpose-built student accommodation project in Newcastle-under-Lyme is now on its second phase. With still a huge shortage of self-contained accommodation to service the large 40,000-student population in the area, One London Road will comprise of two brand-new purpose-built blocks; all studio apartments are fully furnished and communal facilities include a games room, computer room, gymnasium, and bike store.
A study in 2017 claimed out of 100 British towns and cities, the ten-best buy-to-let locations are all in the North, the data from property investment marketplace Property Partner, saw Staffordshire as the UK’s leading buy-to-let hotspot, with the best combination of house prices, local salaries and rental returns.
Newcastle-Under-Lyme is a historic market town located in Staffordshire and forms part of the wider Stoke-on-Trent area which boasts a premiership football club and attractions such as the Wedgwood museum and Alton Towers. The town has a population of circa 75,000 and a regional catchment area in excess of 140,000.
Newcastle-Under-Lyme has grown to become an education and service hub with both Keele University and the Royal Stoke University Hospital, one of the largest hospitals in the UK, situated in the town. In addition, the University of Staffordshire is located in nearby Stoke-On-Trent, with campuses across the county being consolidated into this location.
The area is significantly under supplied for the number of students based in the area, a situation that will increase with the continued growth of Keele University. With further developments approximately 80% of students in the area will not be able to access PBSA based on Keele’s forecasted growth in student numbers, increasing from 7,700 to over 12,000 over the next five years.
- Phase 3 available – Phases One and Two Sold Out!
- Scheduled to complete Q3 2020
- Comprising of studio apartments
- Studios from only £69,999
- Annual ASSURED return of 10% net p.a
- Assured for 3 years
- Annual yields starting from £6,999.90
- 4% interest on deposited funds
- Fully let & managed by experienced letting agency
- 125 years leasehold