Studio for sale

Orme House, 1 Orme Road, Newcastle Under Lyme ST5

| investment opportunity | student studio | 19.72% gross yield | 14.7% 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. Designed specifically for student tenants, the apartment offers excellent rental returns, low maintenance requirements, and consistent demand.
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Key investment details

• Current Rent: £174 per week | £8,874 per annum (51-week let)
• Leasehold: 250 years from 27 September 2019 (Approx. 244 years remaining)
• Ground Rent: £350 per annum - charged £175 half yearly
• Service Charge: £2,254 per annum
• Council Tax Band: A – exempt for students
• Gross Yield: 19.72%
• Net Yield: 14.7% (after deductions for ground rent and service charge)
• Tenure: Leasehold
• Buyer Requirement: Cash buyers only
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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.
This studio apartment is currently tenanted for the 2024/25 academic year, generating £174 per week. The apartment has not yet been let for the 2025/26 academic year (starting September), but demand historically remains strong and consistent.
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Studio features

Each unit is fully furnished to a high standard, with:
• Double bed
• Wardrobe
• Study desk & chair
• Dining table & chairs
• Fitted kitchen with electric hob, oven & fridge
• Ensuite shower room
• Electric heating
• Ample storage
• Secure key access
The development also includes communal lounges and study areas, creating a sociable yet focused environment for tenants. Lift and stair access is available on each floor for ease and accessibility.
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Location highlights

Orme House is superbly located in the heart of Newcastle-under-Lyme, close to a wide range of local amenities, restaurants, supermarkets, and public transport. It’s particularly attractive to students attending Keele University, which is within easy reach. This proven demand underpins its value as a consistent and lucrative buy-to-let investment.
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Lease restrictions

“Not to use the Property other than as a single private residence by a student in full-time education…”
— Clause 1, Lease – Third Schedule – Regulations
This apartment can only be let to students in full-time education, and not for general residential use.
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External wall system

According to the latest Fire Risk Assessment (dated 30/04/2025), the external walls are of masonry construction, and no EWS1/fraew form is required.
Reference: Lighthouse Risk Services llp – fra Section 1.24. Full copy available upon request.
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Important information

• This is a cash buyer only opportunity
• Please ensure your solicitor reviews the full legal pack, lease, and financial details thoroughly prior to offer
• No refunds available once a sale is agreed
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Viewings are highly recommended.
For further information or to arrange a viewing, please call and speak to our dedicated specialist sales advisor. This is a rare opportunity to acquire a fully managed, income-generating student investment in a high-demand area. Don’t miss out – enquire today.

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.