Apartment 76, Orme House, Orme Road... Studio for sale

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Apartment 76, Orme House, Orme Road... Studio for sale

Apartment 76, Orme House, Orme Road, Newcastle
£60,000

Price History

Initial price £72,500
16/01/25 £60,000
Price Change -17.24%

Description

This investment opportunity presents a tenanted PBSA studio apartment in Newcastle-under-Lyme, offering an 8% NET Yield. The property is part of a popular purpose-built student accommodation development, with a consistent high occupancy rate of 95%. The studio apartment 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. With a 250-year lease and low maintenance requirements, this investment provides a reliable and stress-free income stream for investors. Located in a desirable student area, close to universities, transport links, and local amenities, this property is an excellent option for those looking to invest in a hands-off, income-generating property with a proven track record of high demand.