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Apartment , Orme House, Orme Road, Newcastle-under-Lyme

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • For Sale by Online Auction, Starting Bid of £45,000 Terms and Conditions Apply
  • Immediate ‘exchange of contracts’ available - Sold via ‘Secure Sale’
  • One bedroom Studio Apartment
  • Fully furnished and managed
  • Experienced Management Company – onsite concierge
  • Great location with abundance of amenities close by
  • Communal facilities including the gym, lounge and laundry room
  • Perfect for the investor looking for a hands off and stress free approach

Description

This one bedroom apartment comes fully furnished with an en-suite shower room. With access to the communal facilities including the gym, lounge and laundry room.

Orme House is perfect for the investor looking for a hands off and stress free approach with student accommodation in demand! The experienced management company takes the pressure off you and takes care of your investment, just to sit back and relax.

The onsite concierge is an added plus and ideal for the students who have enquiries and with abundance of amenities close by means the students are well catered for.

Leasehold - 250 years from 2019 (246 years remaining)
Ground Rent - per year - £350.00
Maintenance charge - per year - £2254.00

Management charge of 5.5% + VAT of the gross rent

Council tax band A
EPC: to follow


Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
Full clarification is available upon request or by notification within the legal pack.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. VIEWING THE PROPERTY PRIOR TO BIDDING IS ADVISED. Bids can be made via The Auctioneers website or the Marketing Agents.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.


Council Tax Band: A
Tenure: Leasehold (246 years)
Ground Rent: £350 per year
Service Charge: £2,254 per year

Brochures

Brochure

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

£350 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.

ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

£2254

LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

246 years left

Energy performance certificate - ask agent

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: A

Apartment , Orme House, Orme Road, Newcastle-under-Lyme

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stoke-on-Trent Station2.2 miles
  • Longport Station2.4 miles
  • Longton Station4.2 miles
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About the agent

Mark Buxton Estate Agents, Newcastle Under Lyme

Brampton House, 10 Queen Street, Newcastle Under Lyme, ST5 1ED

Mark Buxton Estate Agents, Newcastle Under Lyme

Hello and welcome to Mark Buxton Estate Agents.

We cover Stoke-on-Trent, Newcastle-under-Lyme and the surrounding areas which is where we’ve established a reputation for outstanding client care. As an independent estate agent, we offer customers a bespoke and personal level of service that goes above expectations. After all, buying or selling a property is one of life’s biggest decisions so we make it our mission to be there, every step of the way.

Our free market appraisal will p

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Disclaimer - Property reference RS0077. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mark Buxton Estate Agents, Newcastle Under Lyme. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Mark Buxton Estate Agents, Newcastle Under Lyme on 01782 493659.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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