Price changed to £185,000
March 11, 2026
Price changed to £67,500
February 11, 2026
Listed for £65,000
February 6, 2026
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All newly created bedrooms mentioned above would be greater than 6.51m2 to comply with minimum HMO space standards, although with only two sharers per flat, they would not presently be subject to any HMO regulation.
Rental Projections in Augmented Format:
Four flats with two sharers each (8 tenants, 4 of the bedrooms would have en-suites):
Per tenant: £400pcm 8 tenants £3,200pcm Per Annum £38,400
This would equate to a yield approaching 17% with minimal/easy HMO management issues.
Further Considerations:
The compact, terraced and very well insulated nature of the units makes them economical for tenants with low utility costs. All flats would be band A. The central location makes them very convenient and ensures few voids for either shops or flats.
Serco have indicated that they are looking for properties in the area for long, fixed term and generous rents offering further scope to increase the profile of this investment.
If all the rent augmentation measures were implemented successfully along with Serco contracts then this could boost the rental figures well in to the £40,000s, producing a potentially quite astronomical yield in to the 20%s, yet a very modest management profile!
There is strong residential demand in Leek but the flats would also be attractive as serviced accommodation units. Leek is only 10 miles from Alton Towers, 1 mile to Lake Rudyard and 2 miles from The Peak District National Park. There are relatively few accommodation providers in Leek and there is a big gap in provision between The Premier Inn at £55 per night and more luxurious providers at £90+ per night. None of the competition have a thriving Weatherspoons pub with delicious yet affordable fayre next door either!
There is potential for considerable further capital uplift by splitting the title for the individual units. On present comparisons of similar flats in Leek a GDV on splitting conservatively of around £300,000 could be achieved. Prospective buyers are encouraged to do their own research.
Based on recent local flat sales the lowest sold price for a comparable (but un-modernised and un-refurbished)flat is £75,000. The median is £80,00 to £100,000 based on recent sales.
The attic structures lend themselves to being converted to add further luxury en-suite bedrooms and to upgrade the second floor flats to luxury 2-bed loft apartments then the GDV for all four flats would be well over £400,000.
There are now companies available that have expertise in this area and specialise in this kind of title splitting investment model and can assist buyers to achieve the best possible uplift, please enquire for details.
The property is presently on one freehold title but is available either as flying freehold or long leasehold/commonhold title with share of the freehold as per buyer preference.The flats can be split and sold separately.
Offers are invited for all four flats, - offers over £235,000
Alternatively offers will be considered for individual flats - offers over £65,000 per flat.
Selling Format and Terms:
The property will be sold under auction-style conditions with best and final offers (date to be advised). Please note however that the property is not listed in any auction and there are absolutely no fees to be added to the selling price. The selling price that will be agreed is the price the buyer(s) will pay.