Flat 138, Keele House, 138 The Midway, Newcastle under Lyme, Staffordshire, ST5 1LD

Description

Tenanted studio flat in Keele House, described as a contemporary studio apartment in Newcastle-under-Lyme town centre and an investment opportunity within the student rental market. The development is fully managed with an onsite team and concierge. The apartment has a studio layout and private en-suite shower room. Residents have access to an onsite gym and communal lounge. Offered with no upward chain.

Accommodation

Hallway: 1.55m x 1.02m; living area: 2.94m x 2.92m; bedroom: 2.08m x 2.92m; shower room: 1.31m x 1.78m. The property is described as having a studio layout and private en-suite shower room.

Location

Located in the heart of Newcastle-under-Lyme town centre, close to Keele University, with shops, restaurants and transport links nearby.

Tenure / Property Information

Investment Analysis

The five supplied completed sales in Keele House range from £46,000 to £58,750. The most recent sale was £46,000 in August 2025, while the other recent evidence was £49,000 in September 2024. A cautious base GDV of £49,000 is used, with £46,000 low and £58,750 high based solely on the supplied comparables. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after verifying the tenancy, rent, lease, service-charge accounts and any additional disbursements. On the supplied evidence, this is better treated as a cautious tenanted investment assessment than a confirmed BTL or flip opportunity.

Works Required

No refurbishment works are evidenced in the supplied information. Verify the flat’s condition, tenancy arrangements, lease, service-charge position and communal-facilities obligations before bidding; no works allowance has been included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £36,000 midpoint of the guide range, £1,800 buyer premium and £1,800 administration charge, the illustrative acquisition cost is £39,600 before works, disbursements, finance, tax and ongoing charges. At the £49,000 base GDV, 75% refinancing would be £36,750, leaving an indicative £2,850 of capital in the deal before those excluded items. Refinanceability remains uncertain without rent, lender terms and tenancy documentation.

Buy-to-Let Analysis

BTL yield cannot be established because no passing rent or sufficiently specific rental evidence is supplied. The property is tenanted, but tenancy terms, rent, arrears and deposit information are absent. Annual property-level charges supplied are £2,366 service charge, £192 building insurance and £412 ground rent, totalling £2,970 before other costs.

Flip Analysis

The supplied comparable evidence supports a base GDV of £49,000. Against the illustrative £39,600 acquisition cost before works and selling costs, the gross headroom is £9,400. A net flip surplus cannot be calculated because no selling allowance, finance cost, tax, works cost or disbursement allowance is supplied.

Investor Risks & Due Diligence

• No passing rent or sufficiently specific rental comparable is supplied, so rental yield cannot be calculated.

• Annual service charge, building insurance and ground rent total £2,970 before other costs.

• The property is tenanted, but tenancy terms, rent, arrears and deposit details are not provided.

• Additional purchaser disbursements may be payable on completion and are unquantified.

• Leasehold obligations and the remaining lease term require verification.

• The most recent supplied comparable is £46,000, below the £49,000 base GDV used.

Recommendation

Proceed only after verifying the tenancy, rent, lease, service-charge accounts and any additional disbursements. On the supplied evidence, this is better treated as a cautious tenanted investment assessment than a confirmed BTL or flip opportunity.

Strategy Rating

Analysis Confidence

Completed sales and acquisition charges are supplied, but rent, tenancy terms, condition, works requirements, selling costs and purchaser disbursements are not sufficiently evidenced.