Studio Flat For Sale £50,000
Orme Road, Newcastle ST5

Spacious tenanted student studio for sale in the hugely popular Orme House student development in the heart of Newcastle Under Lyme, offering close proximity to two major universities. This tenanted unit generates a net rental income of £3,768.00 per annum, and a net rental yield of 7.5%

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.

Studio 96 (£50,000.00 - 20.0sqm)

Tenanted at £145 per week for 46 weeks 23/24

Gross Rental: £6,670.00

Service Charge: £2,152.00

Lettings & Management Fee: £400.00

Ground Rent: £350

Net Rental: £3,768.00

NET Yield: 7.5%

Studio 96 confirmed tenancy for 2024-25 (£170pw for 51 weeks)

Orme House - Features

Purpose built student accommodation

Recently completed to a high standard

Fully managed, hands-off investment

Leading management company in place (USL)

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.