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Keele House Student Apartments

UNITED KINGDOM / REGION ENGLAND / TOWN NEWCASTLE-UNDER-LYME / KEELE UNIVERSITY   On the map
Price    Price list

No commission from the Buyer

Type:
Studios

Unit sizes:
17 sq.m 24 sq.m

Bedrooms:
1

Bathrooms:
1

Property units in the building / development:
160

Sold:
106

Available:
54

Reference number:
Keele House - 41075

Condition
excellent

Furnishing
Fully furnished

Type of construction
Brick-built

Bathrooms
Shower box, Fully fitted bathroom

Distance
30km

Distance from the property to major attractions
  • Airport : 30km
Views from the property
  • Town views
Construction
  • Brick-built

Keele House is a new development with central city location and proximity to two leading iniversities Keele University and University of Staffordshire. It is positioned 2 miles from Keele campus, on The Midway in Newcastle Under Lyme town centre. Popular landmarks close to the complex include Odeon Cinema Complex and Morrisons supermarket. Nearby are also to be found Newcastle-Under-Lyme College, the Royal Stoke University Hospital and Keele University School of Medicine.

The development will provide modern and self-contained studio apartments for the comfortable accommodation of UK and overseas students living and studying in Newcastle-Under-Lyme, Staffordshire. It shall comprises of 161 elegant studio suites which will be completed to a high standard and will be delivered fully furnished. Each studio will feature a kitchenette with contemporary appliances and an en-suite bathroom. These studio apartments for students will be larger than average studio units are placed on 5 floors served by an elevator and are designed to match the current market demand for high-specification accommodation.

Furthermore, each studio shall offer the investors the stunning 9% NET rental yield for 3 years, giving investors the opportunity to purchase a fabulous income-generating asset. In addition, 5% interest will be paid on your deposited funds until the build is complete.

The development is a conversion of an existing office building which will be completely redesigned and fitted. The location is providing an unrivalled accommodation option. The complex is ideal for rental by students from Keele University, student accommodation, buy-to-let investment.

Communal areas in the complex:
Communal lounge
Reception area including DDA compliant reception desk with associated staff facilities, deliveries room and individual student post boxes
Laundry facilities
General/cycle store

Key Features of Keele House Apartments
Central location in Newcastle-Under-Lyme College, proximity to two leading universities;
Contemporary design and high-specification finishes throughout
Prices from 65 000
Fully completed and furnished apartments
9% NET rental yield assured for 3 years
5% interest will be paid on the deposited funds until the build is complete
Fully-managed hands-off investment, assured returns from day 1
Based in Cheshire, with over 30 years experience in building and converting prestigious properties, the developer is the force behind many of the regions most attractive developments. The team has a wealth of experience developing sites for blue chip companies in both the commercial and private sector. In the past 5 years the Ladson Group has completed a number of high end houses, apartments and retail sites.


Location

This is the approximate location of the property. Please get in contact with us to learn its exact location.

Video

Price list

Special Price

5k off every unit - which are now priced at 59,950
extra 1% assurance for 3 years (so 10% instead of 9%)

Management and maintenance

USL works with property developers and investors to create fun, secure and high-quality student accommodation for modern students. USL offers a complete, independent, full-service property development and management service targeted at the student accommodation and academic and educational sectors. Their aim is to provide cost effective solutions in an uncomplicated manner which allow their clients to achieve performance, investment return and sustainable quality.
USL delivers results across a range of services within the student accommodation and wider educational sector. Their core activities cover agency services (finding properties and end users), technical services (delivering properties) and operational and financial services (managing properties to optimize the potential developments).

Reception and administrative duties
Enrolment of student wardens to support site-based teams
Checking in and out of all students at the beginning and end of tenancies
Inventory management
Apartment inspections, deep cleaning, repairs, renewals and redecorations
Cleaning and maintenance of common areas and shared facilities

Reservation and contract administration
Security and emergency management
Solving students occupational needs and issues
Day-to-day marketing
Year round contact for investors
Control of rental voids and bad debts including legal action where necessary

Property Management & Maintenance fee:
Ground Rent: 350
Running costs: 1100
Management: 300

Furniture

All studio apartments will be delivered fully-furnished up to a high standard, as follows:
Double bed
Flat-screen TV
Desk, chair, wardrobe, night-stand & sofa
High specification kitchen
Modern en-suite bathroom

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Technical features


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Architecture

Keele House development comprises of 161 elegant studio suites which will be completed to a high standard and will be delivered fully furnished. Each studio will feature a kitchenette with contemporary appliances and an en-suite bathroom. These studio apartments for students will be larger than average studio units are placed on 5 floors served by an elevator and are designed to match the current market demand for high-specification accommodation.

District

Keele House is in Newcastle-Under-Lymes town centre and is just a short walk from the shopping centre, public transport, banks, bars, cinema and supermarkets. A few minutes to Stoke-on-Trent, the location is within easy reach of the citys many attractions. Boasting a premiership football club, famous attractions such as the Wedgwood museum and Alton Towers, there will never be a dull moment in the life of these students.

Keele House provides the luxury of being central to the town but also is within just 5 or 10 minutes from each of the two Universities of Keele and Staffordshire.
Keele University - 5 mins
Staffordshire University - 10 mins
Shopping centre - 2 mins
Supermarket - 1 min

Keele University
7 700 students
11% of students are from outside of the UK
Ranked 41 out of 119 (Guardian University Guide)
There are currently 8 applications per university
Ranked 44 out of 121 in the Times Good University

Stafford University
20 0000 students
13% of students are from outside of the UK
Two campuses, one in Stoke-on-Trent and one in Stafford
Computing and entertainment technology degrees to move to Stoke-on-Trent
Ranked in the Times Good University Guide

Plan of construction

The construction of Keele House starts at the end of summer 2015. The existing office building which is currently onsite will be completely redesigned and fitted. The completion date for the apartments is in August 2016, with the possible students occupation from September 2016.

Payment

Reservation
A studio apartment at Keele House can be reserved immediately with a non-refundable deposit of 5000 GBP, payable by credit card or by bank transfer. Upon paying the deposit the apartment will be reserved for the period up to the signing of the preliminary contract - within 28 days.
No agency commission is charged.

NB! The main price in the Price & Availability PDF file is in GBP. For our clients' convenience we have converted the prices in Euro at 1.40 Euro per GBP. If interested in a certain apartment, please consult the price with the real estate agent in charge.

Payment Plan
5 000 GBP on reservation
50% on exchange of contracts (less reservation fee)
25% value of purchase price half way through build program
Remaining balance on completion of the development (minus 5% interest on build)

Deposit money are held in the solicitors client account until draw down on build. 5% interest is paid on all your deposited funds until completion.

What are the legal fees?
450 GBP + VAT + Disbursements.
No more than 1 000 GBP total.

Guaranteed rental

There is a three-year rental assurance of 9% net yield. After the three year period the rental income should continue at the same rate, if not increase, which will see the yield stay the same, or best case scenario, increase student property for the long-term as it provides a very high level of income for minimum effort.

Example:
Purchase price 65,000
Annual Rent 7,650
Management 1,400
Ground rent 350
Service charge: 300
Net income 5,900
Net yield 9% assured for 3 years

Contact

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