Apartment 76, Orme House, Orme Road... Studio for sale

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Apartment 76, Orme House, Orme Road... Studio for sale

Apartment 76, Orme House, Orme Road, Newcastle
£55,000

Our Summary

  • Investment Opportunity - Student Studio Apartment in Newcastle-under-LymeProperty Type: Tenanted PBSA Studio ApartmentPrice: £55,000Address: Flat 76, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FBYield: 8
  • 7% NET YieldGross Rent: £8,670 (2024-25)Property Description:Flat 76, Orme House is an excellent hands-free investment opportunity in the thriving student accommodation market
  • Contact Us TodayFor more details or to arrange a viewing of this fantastic investment opportunity, please contact us

Description

This investment opportunity presents a hands-free tenanted studio apartment in Orme House, a popular PBSA development in Newcastle-under-Lyme. The property is fully furnished and has a new tenancy agreement in place until August 2025, generating a gross rent of £8,670 for the 2024-25 academic year, yielding a net return of 8.7%. With a 250-year lease from build completion, the property offers a secure and low-maintenance investment option. The studio apartment is located in a desirable student area, close to universities, transport links, and local amenities, making it an attractive option for students. With a consistent high occupancy rate of 95% since the building's completion, this investment is ideal for those seeking a reliable, stress-free income stream.