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Apartment 76, Orme House, Orme Road, Newcastle

Description

Investment Opportunity - Student Studio Apartment in Newcastle-under-Lyme

Property Type: Tenanted PBSA Studio Apartment
Price: £72,500
Address: Flat 76, Orme House, 1 Orme Road, Newcastle-under-Lyme, ST5 2FB
Yield: 7.5% NET Yield
Gross Rent: £8,670 (2024-25)

Property Description:

Flat 76, 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:

* 7.5% 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: £350 per year
Service Charge: £2,169 per year

Brochures

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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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Apartment 76, Orme House, Orme Road, Newcastle

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About Residential Estates, Chester

First FL. Kinnerton House Bell Meadow Business Park Park Lane Pulford CH4 9EP

We started our business 25 years ago as a Chester based property rental and lettings agency, and have grown into a respected, and diverse provider of property services.

The reason for our long term success, is due to constant focus on developing lasting client relations, offering unparalleled expertise over a full spectrum of services within the property industry.

We currently have multiple business departments, listed as follows:

Residential Property Investment

Residential Property Sales

Residential Lettings

Land Acquisitions

Property Management

Serviced Accommodation

International Property Sales & Investments

We are Chester's first internet based estate agency, and investment specialists. We believe in moving in-line with the change of the market place, to ensure our customers receive the very best service, from all divisions of our company portfolio.

The tailored service we offer directly meets the needs of our clients, as a tenant, a landlord, or an investor, we respect and value your business.

We would like to thank all of our clients over the years for helping us reach an important milestone, our silver anniversary, which we celebrated in 2015 after 25 years in business.

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Disclaimer - Property reference 76Orme. 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 Residential Estates, Chester. 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.

*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.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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