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MapStudio for sale
Apartment 1, Orme House, Orme Road, Newcastle
Studio
1 bath
Key information
Tenure: Leasehold | 250 yrs left
Ground rent: £468.96 per annum | review period: unconfirmed
Service charge: £2,800 per annum
Council tax: Ask agent
Mobile signal:
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Features and description
- Great location
- Huge Rental Demand
- Student investment opportunity
- 8.7% NET Yield
Investment Opportunity - Student Studio Apartment in Newcastle-under-Lyme
Property Type: Tenanted PBSA Studio Apartment
Price: £50,000
Address: Flat 1, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FB
Yield: 8.9% NET Yield
Gross Rent: £8,670 (2024-25)
Property Description:
Flat 1, Orme House is an excellent hands-free investment opportunity in the thriving student accommodation market. Located in Newcastle-under-Lyme, this purpose-built studio apartment is part of a highly popular PBSA (Purpose-Built Student Accommodation) development. The development, successfully refurbished by Abode, transformed a former school into a mix of contemporary studios and 2-bedroom apartments catering to the high demand for student living.
This tenanted studio apartment comes fully furnished, and a new tenancy is already agreed at £145 per week for 51 weeks, running until August 2025. The consistent high occupancy rate of 95% since the building's completion further highlights its popularity among students, making it the perfect option for an investor seeking a reliable, stress-free income stream.
Investment Highlights:
* 8.9% NET Yield
* Tenanted until August 2025
* Gross Rent for 2024-25: £8,670
* 250-year lease from build completion
* Located in a desirable student area close to universities, transport links, and local amenities
Why Invest in Orme House?
With its proven high demand for student accommodation, Orme House offers investors a secure and low-maintenance property investment. Ideal for those looking to invest in a hands-off, income-generating property, this studio apartment provides an excellent return on investment with long-term tenancies and consistent rental income.
* Please note - Images are reference only and may not be the exact apartment.
Contact Us Today
For more details or to arrange a viewing of this fantastic investment opportunity, please contact us.
Tenure: Leasehold (250 years)
Ground Rent: £468.96 per year
Service Charge: £2,800 per year
Property Type: Tenanted PBSA Studio Apartment
Price: £50,000
Address: Flat 1, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FB
Yield: 8.9% NET Yield
Gross Rent: £8,670 (2024-25)
Property Description:
Flat 1, Orme House is an excellent hands-free investment opportunity in the thriving student accommodation market. Located in Newcastle-under-Lyme, this purpose-built studio apartment is part of a highly popular PBSA (Purpose-Built Student Accommodation) development. The development, successfully refurbished by Abode, transformed a former school into a mix of contemporary studios and 2-bedroom apartments catering to the high demand for student living.
This tenanted studio apartment comes fully furnished, and a new tenancy is already agreed at £145 per week for 51 weeks, running until August 2025. The consistent high occupancy rate of 95% since the building's completion further highlights its popularity among students, making it the perfect option for an investor seeking a reliable, stress-free income stream.
Investment Highlights:
* 8.9% NET Yield
* Tenanted until August 2025
* Gross Rent for 2024-25: £8,670
* 250-year lease from build completion
* Located in a desirable student area close to universities, transport links, and local amenities
Why Invest in Orme House?
With its proven high demand for student accommodation, Orme House offers investors a secure and low-maintenance property investment. Ideal for those looking to invest in a hands-off, income-generating property, this studio apartment provides an excellent return on investment with long-term tenancies and consistent rental income.
* Please note - Images are reference only and may not be the exact apartment.
Contact Us Today
For more details or to arrange a viewing of this fantastic investment opportunity, please contact us.
Tenure: Leasehold (250 years)
Ground Rent: £468.96 per year
Service Charge: £2,800 per year
Property information from this agent
About this agent
Residential Estates is an independent property company that provides unrivalled expertise in UK residential and commercial investments, property management, and sales as well as lettings. Covering all aspects of the property industry, our estate agents and consultants are experts in investment properties, sales, and lettings, this ensures that you are in safe hands with experts available to assist you with your property. With more than 26 years in the industry, we are associated with the Property Ombudsman for your complete peace of mind.
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