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Studio for sale

£69,999

Orme Road, Newcastle-Under-Lyme, Keele ST5

1 1
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Property features

  • Communal garden
  • Off street parking
  • Double glazing
  • Fireplace

Property description

Please note, this is Student Accommodation and there are multiple studios/ two beds to be sold, ideal for undergraduate, mature students and overseas students.

Investment Highlights:
• 9% net rental yield minus ground rent
• 5 year guarantee
• 5% interest on deposited funds
• Studio and 2 bed apartments
• A conversion of a listed school building
• Fully furnished
• Q3 2018 build completion, in time for the September student intake
• Ground Rent: £400
• Service Charge: £1,350
• Studios priced at: £69,999…2 beds at: £125,000

Why invest in Student Accomodation - The Numbers.

In 2016,68,000 student accommodation units were traded in the UK – 54% higher than the average over the past five years. The total value of these transactions was a hefty £4.5 billion. This trend is expected to continue in 2017, with a predicted 75,000 units changing hands for £5.3 billion – a year on year increase of 17%. The report also notes that despite continuing confusion surrounding the Brexit vote and its fallout, more trading took place in 2016 after the referendum than before it – over £2.1 billion versus £1.9 billion.

Overseas students contribute £25 billion to the UK economy (Universities UK) – and they need somewhere they can call home for the duration of their degree. With the exchange rate set to remain in their favour for quite a while to come, it has been estimated their numbers will grow by 6% each year.

Get in contact today to find out more.
Market activity
Average price paid £160,784 Sales 992 Current average value £170,112 (Zoopla Zed-Index) Value change £1,375 ▲ 0.81%

Property value data/graphs for ST5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £269,859 £202 3.6 £242,844
Semi-detached £152,076 £170 3.0 £147,224
Terraced £105,984 £128 2.5 £101,558
Flats £125,853 £189 1.7 £116,254

Current asking prices in ST5

Average: £210,731
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £129,216
(62)
£192,568
(102)
£346,117
(48)
£473,214
(14)
Flats £74,408
(34)
£128,557
(14)
£235,000
(1)
- -
All £74,408
(34)
£129,095
(76)
£192,980
(103)
£346,117
(48)
£473,214
(14)

Current asking rents in ST5

Average: £762 pcm
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £352 pcm
(18)
£543 pcm
(34)
£728 pcm
(37)
£1,200 pcm
(13)
£1,446 pcm
(10)
Flats £413 pcm
(21)
£777 pcm
(22)
£861 pcm
(3)
- -
All £385 pcm
(39)
£635 pcm
(56)
£738 pcm
(40)
£1,200 pcm
(13)
£1,446 pcm
(10)

Fun facts for ST5

Highest value in ST5
Highest value streets Zed-Index
Whitmore Heath £858,620
Allensway £655,849
Snape Hall Road £642,780
The Brampton £575,053
Acton, Newcastle-under-Lyme ST5 £517,106
Highest turnover in ST5
Highest turnover streets Turnover
Ashridge Avenue 54.5%
Reedmace Walk 50.0%
Hawkstone Close 45.5%
Milborne Drive 45.5%
Lisbon Place 45.2%

What Zoopla users think of Newcastle-under-Lyme

Overall rating:

  • currently 4 stars
Very good - 77% (105 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

£436 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,999
Repayment term 25
Interest rate 1.5
Your payment £251 /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)
Compare insurance deals now 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

Energy

Gas £20 Electricity £27 Estimated energy cost £47/mo

Similar properties could save up to £165

How Much Could I Save? 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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