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Studio apartment for sale
Apartment 76, Orme House, Orme Road, Newcastle
£72,500
Apartment 76, Orme House, Orme Road, Newcastle
£72,500
Our Summary
- Investment Opportunity - Student Studio Apartment in Newcastle-under-LymeProperty Type: Tenanted PBSA Studio ApartmentPrice: £72,500Address: Flat 76, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FBYield: 7
- 5% 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 is an investment opportunity to purchase a tenanted studio apartment in Orme House, a purpose-built student accommodation 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. The apartment offers a 7.5% net yield and a 250-year lease, with a ground rent of £350 per year and a service charge of £2,169 per year. The property is located in a desirable student area, close to universities, transport links, and local amenities, and has a proven high demand for student accommodation, making it an attractive option for investors seeking a reliable, stress-free income stream.