Apartment 1, Orme House, Orme Road... Studio for sale

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Apartment 1, Orme House, Orme Road... Studio 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

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: This investment opportunity is a tenanted PBSA studio apartment located in Newcastle-under-Lyme, offering a 8.9% NET Yield. The apartment is part of a purpose-built development, successfully refurbished by Abode, and comes fully furnished with a new tenancy agreed until August 2025. The property benefits from a consistent high occupancy rate of 95% and is located in a desirable student area close to universities, transport links, and local amenities. With a 250-year lease from build completion, the property offers a secure and low-maintenance investment opportunity, providing a reliable income stream for investors. The studio apartment is available for £50,000, with a gross rent of £8,670 for 2024-25, making it an excellent hands-free investment opportunity for those looking to invest in the student accommodation market.