1 /8
£72,500
Orme House, Orme Road, Newcastle, ST5
- 0 beds
£72,500
- 0 beds
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Estimate monthly mortgage payment:
£331 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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Investment Opportunity - Student Studio Apartment in Newcastle-under-Lyme
Property Type: Tenanted PBSA Studio Apartment
Price: £72,500
Address: Flat 76, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FB
Yield: 7.5% NET Yield
Gross Rent: £8,670 (2024-25)
Property Description:
Flat 76, 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:
* 7.5% 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: £350 per year
Service Charge: £2,169 per year
Property Type: Tenanted PBSA Studio Apartment
Price: £72,500
Address: Flat 76, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FB
Yield: 7.5% NET Yield
Gross Rent: £8,670 (2024-25)
Property Description:
Flat 76, 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:
* 7.5% 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: £350 per year
Service Charge: £2,169 per year
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£331 per month
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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