£50,000
Studio flat for sale
Orme Road, Newcastle
studio Flat Property description
Investment Opportunity - Student Studio Apartment in Newcastle-under-Lyme
Property Type: Tenanted PBSA Studio Apartment
Price: £50,000
Address: Flat 1, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FB
Yield: 8.9% NET Yield
Gross Rent: £8,670 (2024-25)
Property
Flat 1, Orme House is an excellent hands-free investment opportunity in the thriving student accommodation market. Located in Newcastle-under-Lyme, this purpose-built studio apartment is part of a highly popular PBSA (Purpose-Built Student Accommodation) development. The development, successfully refurbished by Abode, transformed a former school into a mix of contemporary studios and 2-bedroom apartments catering to the high demand for student living.
This tenanted studio apartment comes fully furnished, and a new tenancy is already agreed at £145 per week for 51 weeks, running until August 2025. The consistent high occupancy rate of 95% since the building's completion further highlights its popularity among students, making it the perfect option for an investor seeking a reliable, stress-free income stream.
Investment Highlights:
* 8.9% NET Yield
* Tenanted until August 2025
* Gross Rent for 2024-25: £8,670
* 250-year lease from build completion
* Located in a desirable student area close to universities, transport links, and local amenities
Why Invest in Orme House?
With its proven high demand for student accommodation, Orme House offers investors a secure and low-maintenance property investment. Ideal for those looking to invest in a hands-off, income-generating property, this studio apartment provides an excellent return on investment with long-term tenancies and consistent rental income.
* Please note - Images are reference only and may not be the exact apartment.
Contact Us Today
For more details or to arrange a viewing of this fantastic investment opportunity, please contact us.
Tenure: Leasehold (250 years)
Ground Rent: £468.96 per year
Service Charge: £2,800 per year
Property Type: Tenanted PBSA Studio Apartment
Price: £50,000
Address: Flat 1, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FB
Yield: 8.9% NET Yield
Gross Rent: £8,670 (2024-25)
Property
Flat 1, Orme House is an excellent hands-free investment opportunity in the thriving student accommodation market. Located in Newcastle-under-Lyme, this purpose-built studio apartment is part of a highly popular PBSA (Purpose-Built Student Accommodation) development. The development, successfully refurbished by Abode, transformed a former school into a mix of contemporary studios and 2-bedroom apartments catering to the high demand for student living.
This tenanted studio apartment comes fully furnished, and a new tenancy is already agreed at £145 per week for 51 weeks, running until August 2025. The consistent high occupancy rate of 95% since the building's completion further highlights its popularity among students, making it the perfect option for an investor seeking a reliable, stress-free income stream.
Investment Highlights:
* 8.9% NET Yield
* Tenanted until August 2025
* Gross Rent for 2024-25: £8,670
* 250-year lease from build completion
* Located in a desirable student area close to universities, transport links, and local amenities
Why Invest in Orme House?
With its proven high demand for student accommodation, Orme House offers investors a secure and low-maintenance property investment. Ideal for those looking to invest in a hands-off, income-generating property, this studio apartment provides an excellent return on investment with long-term tenancies and consistent rental income.
* Please note - Images are reference only and may not be the exact apartment.
Contact Us Today
For more details or to arrange a viewing of this fantastic investment opportunity, please contact us.
Tenure: Leasehold (250 years)
Ground Rent: £468.96 per year
Service Charge: £2,800 per year
Property photos
Interested in this property?
Check Your Credit Report & Score 
Council tax
First listed
Over a month agoOrme Road, Newcastle
Marketed by
Residential Estates - Chester Kinnerton House, Bell Meadow Cuckoos Nest, Pulford CH4 9EPCall agent on 01244 988842
Placebuzz mortgage repayment calculator
Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Orme Road, Newcastle - Streetview
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Residential Estates - Chester. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Residential Estates - Chester for full details and further information.
property_vrec_1