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Apartment 76, Orme House, Orme Road... Studio for sale
Apartment 76, Orme House, Orme Road, Newcastle
£55,000
Apartment 76, Orme House, Orme Road, Newcastle
£55,000
Price History
Initial price | £72,500 |
16/01/25 | £60,000 |
04/03/25 | £55,000 |
Price Change | -24.14% |
Description
This investment opportunity presents a hands-free tenanted studio apartment in Orme House, a popular PBSA development in Newcastle-under-Lyme. The property is fully furnished and has a new tenancy agreement in place until August 2025, generating a gross rent of £8,670 for the 2024-25 academic year, yielding a net return of 8.7%. With a 250-year lease from build completion, the property offers a secure and low-maintenance investment option. The studio apartment is located in a desirable student area, close to universities, transport links, and local amenities, making it an attractive option for students. With a consistent high occupancy rate of 95% since the building's completion, this investment is ideal for those seeking a reliable, stress-free income stream.