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1 bed flat for sale

£64,999

Orme Road, Newcastle-Under-Lyme, Keele ST5

1 1 1
Interested in this property? Call +44 1702 787516 * or

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Property features

  • Communal garden
  • Roof terrace
  • Off street parking
  • Porter/security

Property description

Investors will benefit from an 8% net rental yield, guaranteed for 5 years. (excluding ground rent)

Investment Highlights
• 127 studio apartments over a 5-story building
• 8% net rental guarantee for 5 years excluding ground rent
• 250 Year lease
• Fully furnished
• Q3 2018 Build Completion ready for the September intake
• Work has started on site
• Student Planning so no stamp duty to be paid
• 10 minute walk to Sheffield Hallam University; 9 minute walk to Sheffield College; 5 minute drive to the University of Sheffield
• Located just 8 minutes' walk from the new £65 million funded china town (to be completed in 2018). Details in the brochure (give us a call/email to request.)

And much more!

Why Invest in Purpose-built student accommodation?
The four storey development comprises a total of 190 apartments. The demand characteristics exhibited by students has changed over recent years – many, especially those from overseas, no longer wish to live in converted houses. They now require bespoke, purpose-built accommodation which lies close to the educational hub.
With ever-increasing numbers of undergraduates, purpose-built student properties have become a mainstream global asset class which provides investors with a safe investment and minimal risk.

University cities such as Sheffield will be at the forefront of the increase in international student numbers thanks in part to the high world ranking universities and to the attractions of the location itself.

Purpose Built Student Accommodation, rather than converted premises, offers investors reliable earning potential. Even though the rental contracts are relatively short-lived, these properties are always in high demand and are currently still woefully under-supplied.

Please do not hesitate to get in contact with us today.
Market activity
Average price paid £159,972 Sales 993 Current average value £167,716 (Zoopla Zed-Index) Value change £973 ▲ 0.58%

Property value data/graphs for ST5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £260,642 £197 3.6 £243,165
Semi-detached £153,253 £171 3.0 £148,638
Terraced £104,158 £126 2.5 £98,765
Flats £126,663 £191 1.7 £135,511

Current asking prices in ST5

Average: £214,944
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £160,000
(1)
£132,915
(71)
£186,093
(114)
£362,283
(43)
£482,368
(19)
Flats £76,058
(23)
£128,740
(15)
£250,000
(1)
- -
All £79,556
(24)
£132,187
(86)
£186,649
(115)
£362,283
(43)
£482,368
(19)

Current asking rents in ST5

Average: £641 pcm
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £347 pcm
(22)
£517 pcm
(26)
£717 pcm
(29)
£971 pcm
(13)
£1,134 pcm
(3)
Flats £470 pcm
(29)
£783 pcm
(21)
£1,006 pcm
(4)
- -
All £417 pcm
(51)
£636 pcm
(47)
£752 pcm
(33)
£971 pcm
(13)
£1,134 pcm
(3)

Fun facts for ST5

Highest value in ST5
Highest value streets Zed-Index
Whitmore Heath £828,787
Allensway £639,065
Snape Hall Road £620,830
The Brampton £559,060
Acton, Newcastle-under-Lyme ST5 £501,086
Highest turnover in ST5
Highest turnover streets Turnover
Ashridge Avenue 50.0%
Reedmace Walk 45.8%
Hawkstone Close 45.5%
Milborne Drive 45.5%
Allensway 42.9%

What Zoopla users think of Newcastle-under-Lyme

Overall rating:

  • currently 4 stars
Very good - 78% (102 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Newcastle-under-Lyme:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Stoke-on-Trent (2.3 miles)
  • Longport (2.4 miles)
  • Longton (4.4 miles)
  • Manchester International Airport (23.9 miles)
  • Liverpool John Lennon Airport (33.9 miles)
  • East Midlands Airport (39.8 miles)
  • Woodside Birkenhead Ferry Terminal (41.7 miles)
  • Liverpool Pier Head Ferry Terminal (41.7 miles)
  • Liverpool Isle of Man & Dublin Terminal (41.8 miles)

Nearby schools

View all schools in Newcastle-under-Lyme
  • St Giles' and St George's Church of England Academy (0.1 miles)
  • St Mary's Catholic Primary School (0.2 miles)
  • Edenhurst Preparatory School (0.4 miles)
  • Newcastle and Stafford Colleges Group (0.4 miles)
  • Martec Training (0.9 miles)
  • P.A.C.E Alternative Education Ltd (2.0 miles)
  • Blackfriars School (0.2 miles)
  • St John Fisher Catholic College (0.4 miles)
  • Newcastle Academy (0.6 miles)
Note: Distances are straight line measurements

Local info for Newcastle-under-Lyme

About the neighbours in ST5

AskMe Q&A for Newcastle-under-Lyme

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For more information about this property, please contact
Real Estate Worldwide, SS2 on +44 1702 787516 * (local rate)

Monthly running costs Beta

£418 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,499
Repayment term 25
Interest rate 1.5
Your payment £233 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £12/mo (£142/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

What more do I get

Up to 9 smart home sensors

Included in the price of your cover

Home emergency assistance

Included in the price of your cover

Contents cover

£75,000 to Unlimited

Buildings cover

£750,000 to Unlimited

Energy

Gas £20 Electricity £27 Estimated energy cost £47/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6100 kWh/year
Electricity: 2000 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Newcastle-under-Lyme

Estimated tax band A Council tax cost £106 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £11 Sewerage £9 Estimated water cost £20 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Real Estate Worldwide, and do not constitute property particulars. Please contact Real Estate Worldwide for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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