Studio flat for sale

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Studio flat for sale

Apartment 1, Orme House, Orme Road, Newcastle
£50,000

Our Summary

  • 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 Description:Flat 1, 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
  • Student investment opportunity

Description

This investment opportunity presents a tenanted studio apartment in a purpose-built student accommodation development in Newcastle-under-Lyme. The property, Flat 1, Orme House, is fully furnished and comes with a new tenancy agreement in place until August 2025, generating a gross rent of £8,670 for the 2024-25 academic year. The apartment offers a 8.9% net yield, making it an attractive option for investors seeking a reliable, hands-free income stream. The property is part of a popular PBSA development with a consistent high occupancy rate of 95%, ensuring a steady income stream for investors. With a 250-year lease and manageable ground rent and service charges, this investment presents a secure and low-maintenance opportunity for those looking to invest in the student accommodation market.