Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- Fully managed and hands free investment
- Leading student property management company in place
- Close to two major universities
- High specification student studio
High specification student studio for sale in the Orme House development in Newcastle Under Lyme. This studio is currently tenanted at £165.00 per week, and is fully managed by one of the UK's leading student property management companies.
Orme House is our latest purpose build student accommodation, perfectly situated in Newcastle-Under-Lyme town centre. Orme House comprises of 102 modern and self-contained one bed studios and two bed apartments, each fully furnished and completed to a high standard. The development is divided in to two parts; a refurb of a listed school building and a newly built block.
All studios will feature a kitchenette and an ensuite bathroom, alongside an array of communal areas which can be used by all students. Orme House is designed to create first class living standards for students with an array of facilities and communal areas, making Orme House a unique and unrivalled option for students.
Unit 2 Orme House (£66,500.00 - 20.0sqm)
2nd September 2023 to 24th August 2024
51 weeks x £165.00 = £8,415.00 gross per annum
Lettings Fee - £605.88
Service charge - £2,152.00
Ground Rent - £350.00
Net Return - £5,307.12
Orme House - Development Highlights
Purpose built student accommodation
Recently completed to a high standard
Fully managed, hands-off investment
Leading management company in place (USL)
Perfect town centre location close to two major universities
Orme House - Payment Plan
1. Provide certified ID, proof of address and proof of funds to Pure Investor
2. Reserve your unit with a signed reservation form
3. Pay a £2000 non-refundable reservation fee
4. Remaining balance due on completion
Places of interest
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength: obtained from Ofcom on June 16, 2023
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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