Studio flat for sale

Investment Opportunity - Student Studio Apartment in Newcastle-under-LymeProperty Type: Tenanted PBSA Studio ApartmentPrice: 50,000Address: Flat 1, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FBYield: 8.9% NET YieldGross 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 amenitiesWhy 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 TodayFor more details or to arrange a viewing of this fantastic investment opportunity, please contact us.Tenure: Leasehold (250 years)Ground Rent: 468.96 per yearService Charge: 2,800 per year