# Studio flat for sale (ST5 1LD) ## Property Details | Key | Value | |-----|-------| | Address | Keele House, 138The Midway, Newcastle under Lyme, Staffordshire ST5 1LD | | Price | £27,000 | | Bathrooms | 1 | | Council tax | A | ## Description TENANTED STUDIO FLAT FOR SALE BY AUCTION 9TH - 10TH NOVEMBER FOR SALE VIA ONLINE AUCTION ON MONDAY 9th November AT 1PM UNTIL TUESDAY 10th November 11AM. PROPERTY IS TENANTED CONTACT FOR VIEWING ACCESS Flat 138 at Keele House is a contemporary studio apartment ideally positioned in the heart of Newcastle-under-Lyme town centre, presenting an excellent investment opportunity within the thriving student rental market. The development is fully managed by an experienced onsite team, offering investors a straightforward, hands-off addition to their portfolio with strong and consistent rental demand. Designed to meet the needs of modern student living, the apartment features a well-planned studio layout and a private en-suite shower room, providing both comfort and convenience. Residents also enjoy exclusive access to excellent onsite amenities, including a fully equipped gym and a stylish communal lounge, creating additional space to relax and socialise. The building benefits from professional management and an onsite concierge, ensuring a secure, well-maintained environment for tenants. Located close to Keele University, the property is particularly attractive to students seeking high-quality accommodation within easy reach of campus. Its town centre setting also provides immediate access to shops, restaurants and transport links, further enhancing its appeal to prospective tenants. Offered with no upward chain, Flat 138 is ready for immediate investment. Whether you are entering the property market for the first time or expanding an established portfolio, this modern studio apartment offers strong potential in a highly sought-after location. Current rental amount per week is £177 and for 51 weeks which makes the total rent - £9,027. The Maintenance charge is: £2,366 in yearly service charge + £192 building insurance. Lease is 125 years from 23 December 2016 Ground rent - £412 per anum PLEASE NOTE No appliances have been tested by Auction House. Any measurements are approximate. We recommend any would be bidders conduct their own due diligence in good time prior to the auction taking place. IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. **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 **Tenure:** Leasehold **Lease Details:** 125 Years from 26.12.2016 **EPC Rating:** C **Administration Fee:** £1800 inc VAT payable on exchange of contracts. **Buyer's Premium Fee:** £1800 inc VAT payable on exchange of contracts. **Disbursements:** Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion. ## Property Photos - ![959646 1 12219163 T202610131413.jpg](/listings/photos/94255611/2593336) - 959646 1 12219163 T202610131413.jpg - ![959646 7 12219170 T202610131413.jpg](/listings/photos/94255611/2593337) - 959646 7 12219170 T202610131413.jpg - ![959646 17 12219185 T202610131413.jpg](/listings/photos/94255611/2593338) - 959646 17 12219185 T202610131413.jpg - ![959646 18 12219186 T202610131413.jpg](/listings/photos/94255611/2593339) - 959646 18 12219186 T202610131413.jpg - ![959646 20 12219188 T202610131413.jpg](/listings/photos/94255611/2593340) - 959646 20 12219188 T202610131413.jpg - ![959646 30 12219210 T202610131413.jpg](/listings/photos/94255611/2593341) - 959646 30 12219210 T202610131413.jpg - ![959646 25 12219203 T202610131413.jpg](/listings/photos/94255611/2593342) - 959646 25 12219203 T202610131413.jpg - ![959646 22 12219195 T202610131413.jpg](/listings/photos/94255611/2593343) - 959646 22 12219195 T202610131413.jpg - ![959646 19 12219187 T202610131413.jpg](/listings/photos/94255611/2593344) - 959646 19 12219187 T202610131413.jpg - ![959646 29 12219209 T202610131413.jpg](/listings/photos/94255611/2593345) - 959646 29 12219209 T202610131413.jpg - ![959646 9 12219173 T202610131413.jpg](/listings/photos/94255611/2593346) - 959646 9 12219173 T202610131413.jpg - ![959646 26 12219204 T202610131413.jpg](/listings/photos/94255611/2593347) - 959646 26 12219204 T202610131413.jpg - ![959646 14 12219180 T202610131413.jpg](/listings/photos/94255611/2593348) - 959646 14 12219180 T202610131413.jpg - ![959646 10 12219174 T202610131413.jpg](/listings/photos/94255611/2593349) - 959646 10 12219174 T202610131413.jpg ## Floorplans - ![Floor T202610131414.jpg](/listings/photos/94255611/2593350) - Floor T202610131414.jpg ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | THE MET, 16 FLAT 38 THE MIDWAY, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1FB | £50,000 | 29/10/2025 | Flat | | 128 FLAT 84 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £84,999 | 25/10/2023 | Flat | | 128 FLAT 73 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £84,999 | 20/10/2023 | Flat | | 128 FLAT 89 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 19/10/2023 | Flat | | 128 FLAT 69 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 19/10/2023 | Flat | | 128 FLAT 56 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £84,999 | 18/10/2023 | Flat | | 128 FLAT 67 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £84,999 | 17/10/2023 | Flat | | 128 FLAT 102 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 17/10/2023 | Flat | | 128 FLAT 65 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £84,999 | 17/10/2023 | Flat | | 128 FLAT 60 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 17/10/2023 | Flat | | 128 FLAT 58 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £84,999 | 17/10/2023 | Flat | | 128 FLAT 68 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 17/10/2023 | Flat | | 128 FLAT 62 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 17/10/2023 | Flat | | 128 FLAT 98 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £84,999 | 17/10/2023 | Flat | | 128 FLAT 57 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £84,999 | 17/10/2023 | Flat | | 128 FLAT 49 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £78,999 | 16/10/2023 | Flat | | 128 FLAT 100 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 16/10/2023 | Flat | | 128 FLAT 88 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 16/10/2023 | Flat | | 128 FLAT 81 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 16/10/2023 | Flat | | 128 FLAT 103 LONDON ROAD, NEWCASTLE, NEWCASTLE-UNDER-LYME, STAFFORDSHIRE, ST5 1PH | £79,999 | 16/10/2023 | Flat | **Area average:** £80,449 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £90,793 (22 Flat, ST5, 2024–2026) - **Deviation:** -70.3% ## Rental Range *ONS Price Index of Private Rents (Newcastle-under-Lyme). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £753/mo - **Realistic:** £837/mo - **Optimistic:** £921/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Staffordshire North (Apr 2025 – Mar 2026).* ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | [Modern Studio In Newcastle-Under-Lyme, Newcastle-Under-Lyme, ST5](http://87.117.209.195:8080/listings/5474199) | £595/mo | — | 0.02 miles | Rightmove | | [Silverdale Road, Newcastle, ST5](http://87.117.209.195:8080/listings/8841823) | £800/mo | 2 | 0.15 miles | Rightmove | | [Friarswood Road, NEWCASTLE](http://87.117.209.195:8080/listings/7654ea3) | £695/mo | 1 | 0.16 miles | Rightmove | | [Merrial Street Newcastle](http://87.117.209.195:8080/listings/68444a4) | £450/mo | 1 | 0.17 miles | Rightmove | | [Orme House, 1 Orme Road, Newcastle Under Lyme, Staffordshire, ST5](http://87.117.209.195:8080/listings/b1b0c50) | £595/mo | 1 | 0.17 miles | Rightmove | | [Orme House, 1 Orme Road, Newcastle Under Lyme, Staffordshire, ST5](http://87.117.209.195:8080/listings/139e920) | £695/mo | 2 | 0.17 miles | Rightmove | | [Tower Court, No.1 London Road, Newcastle Under Lyme, Staffordshire, ST5](http://87.117.209.195:8080/listings/90c9490) | £1,095/mo | 2 | 0.18 miles | Rightmove | | [Windsor Court, No1 London Road, Newcastle Under Lyme, Staffordshire, ST5](http://87.117.209.195:8080/listings/35d84a8) | £1,295/mo | 2 | 0.18 miles | Rightmove | | [Stubbs Gate, Newcastle, ST5](http://87.117.209.195:8080/listings/4f8eb20) | £775/mo | 2 | 0.23 miles | Rightmove | | 1 Bed Flat, London Road, ST5 | £600/mo | 1 | 0.24 miles | OpenRent | | [Grosvenor Road, Newcastle, Staffordshire, ST5](http://87.117.209.195:8080/listings/fa008bc) | £775/mo | 2 | 0.24 miles | Rightmove | | [Hatrell Street, Newcastle, ST5](http://87.117.209.195:8080/listings/9651a65) | £925/mo | 3 | 0.25 miles | Rightmove | | [London Road, Newcastle under Lyme](http://87.117.209.195:8080/listings/e059636) | £875/mo | 3 | 0.25 miles | Rightmove | | [Grosvenor Road, Newcastle, ST5](http://87.117.209.195:8080/listings/b5befa3) | £2,395/mo | 4 | 0.26 miles | Rightmove | | [West Brampton, Newcastle, ST5](http://87.117.209.195:8080/listings/28fd9cb) | £1,000/mo | 2 | 0.27 miles | Rightmove | | [Grosvenor Gardens, Newcastle, Staffordshire, ST5](http://87.117.209.195:8080/listings/a7580ef) | £575/mo | 1 | 0.27 miles | Rightmove | | [Hanover Street, Newcastle Under Lyme, Staffordshire, ST5](http://87.117.209.195:8080/listings/58c9596) | £845/mo | 2 | 0.29 miles | Rightmove | | [Hatrell Street, Newcastle, ST5](http://87.117.209.195:8080/listings/a548ce8) | £800/mo | 2 | 0.29 miles | Rightmove | | [Hatrell Street, Newcastle, ST5](http://87.117.209.195:8080/listings/b735e2c) | £1,100/mo | 4 | 0.29 miles | Rightmove | | [Brunswick Mews, 9 Brunswick Street, Newcastle Under Lyme, Staffordshire, ST5](http://87.117.209.195:8080/listings/10ecdb5) | £895/mo | 1 | 0.3 miles | Rightmove | **Average rent: £897/mo (125 listings)** ## 1% Rule - **Rent ratio:** 2.96% (strong) - **Max investor price (0.8%):** £100,000 - **Target investor price (1%):** £80,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £800/mo).* - **Gross yield:** 35.6% - **Cost-to-rent:** 2.8× - **Monthly cashflow:** £589/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 90.2% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -5.5% - **10y growth:** -15.3% ## House Price Index (HM Land Registry) *Official index for Newcastle-under-Lyme; Flats and maisonettes series; as of August 2026.* - **1y growth (index):** 0.3% - **5y growth (index):** 7.3% - **10y growth (index):** 31% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)