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Studio flat for sale
Orme House, 1 Orme Road, Newcastle Under Lyme, Staffordshire, ST5
£25,000
Orme House, 1 Orme Road, Newcastle Under Lyme, Staffordshire, ST5
£25,000
Our Summary
- | INVESTMENT OPPORTUNITY | STUDENT STUDIO | 19
- 7% NET YIELD | CURRENTLY TENANTED | CASH BUYERS ONLY | National Residential are delighted to offer this exclusive studio apartment within Orme House, a purpose-built student accommodation development ideally located in Newcastle-under-Lyme, just a short distance from Keele University
- This is a hands-free investment opportunity in a thriving student market
- 7% (after deductions for ground rent and service charge) * Tenure: Leasehold * Buyer Requirement: Cash buyers only ________________________________________ PROPERTY OVERVIEW Flat 39, Orme House is located within a highly popular PBSA (Purpose-Built Student Accommodation) scheme refurbished by Abode, who converted a former school into a modern mix of studios and 2-bedroom apartments
- ________________________________________ IMPORTANT INFORMATION * This is a cash buyer only opportunity * Please ensure your
- Student Investment Opportunity
Description
National Residential is offering a rare investment opportunity in a purpose-built student accommodation development, Orme House, located in Newcastle-under-Lyme, near Keele University. The studio apartment is currently tenanted and generates a gross yield of 19.72% and a net yield of 14.7%. The property is leasehold with 250 years remaining on the lease and has low maintenance requirements. The apartment is fully furnished and features a double bed, wardrobe, study desk, and en-suite shower room. The development has communal lounges and study areas, and the location is close to local amenities, restaurants, and public transport. Cash buyers only are being sought for this investment opportunity, which is ideal for those looking for a hands-free investment in a thriving student market.