Studio Flat For Sale £66,500
Orme Road, Newcastle ST5

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