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Studio for sale

£64,999

Orme Road, Newcastle-Under-Lyme, Keele ST5

1 1
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Property description

Orme House is a brand new investment opportunity in the UK Purpose Built Student Accommodation (pbsa) sector; giving investors an opportunity to purchase a fabulous income-generating asset.

The development comprises 102 modern self-contained one-bed studios and two-bedroom apartments, which will be complete to a high standard and will be delivered fully furnished.

Part of the development is a beautiful listed school building and a new build block. Each studio will feature a kitchenette and an en-suite bathroom, available for just £69,999. Payment is spread throughout the build and, what's more, 5% interest will be paid on your deposited funds until the build is complete.

The development will serve the accommodation requirements of students studying at both Keele and Staffordshire Universities. With a huge shortage of quality, self-contained accommodation in the area, Orme House is set to deliver a unique and unrivalled option for students at an incredibly competitive price.

The developer and management company of this project, were the same successful partnership behind another recently completed, 160 bed student development. The fact the two companies have decided to do another project just around the corner, highlights the confidence they have in this development.

Please contact us today to speak to one of our experienced Investment Consultants where we can talk you through the process and show you all relevant details.
Market activity
Average price paid £162,535 Sales 990 Current average value £171,172 (Zoopla Zed-Index) Value change £2,082 ▲ 1.23%

Property value data/graphs for ST5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £270,574 £207 3.6 £247,502
Semi-detached £154,499 £171 3.0 £148,459
Terraced £105,584 £126 2.5 £104,819
Flats £126,020 £192 1.7 £110,820

Current asking prices in ST5

Average: £198,921
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £140,541
(53)
£216,897
(84)
£398,017
(42)
£448,444
(9)
Flats £73,199
(32)
£127,500
(23)
- - -
All £73,199
(32)
£136,594
(76)
£216,897
(84)
£398,017
(42)
£448,444
(9)

Current asking rents in ST5

Average: £958 pcm
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £371 pcm
(21)
£577 pcm
(28)
£901 pcm
(42)
£1,295 pcm
(51)
£1,674 pcm
(11)
Flats £434 pcm
(31)
£775 pcm
(28)
£963 pcm
(5)
£1,352 pcm
(1)
-
All £408 pcm
(52)
£676 pcm
(56)
£908 pcm
(47)
£1,296 pcm
(52)
£1,674 pcm
(11)

Fun facts for ST5

Highest value in ST5
Highest value streets Zed-Index
Whitmore Heath £834,356
Allensway £658,248
Snape Hall Road £645,118
The Brampton £599,005
Acton, Newcastle-under-Lyme ST5 £511,192
Highest turnover in ST5
Highest turnover streets Turnover
Ashridge Avenue 56.8%
Reedmace Walk 50.0%
Milan Drive 47.6%
Peacock Walk 47.1%
Magenta Drive 47.1%

What Zoopla users think of Newcastle-under-Lyme

Overall rating:

  • currently 4 stars
Very good - 78% (110 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 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 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 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)
  • City of Stoke-On-Trent Sixth Form College (2.4 miles)
  • Biddulph High School (7.2 miles)
  • Alleyne's Academy (7.9 miles)
  • Blackfriars Academy (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

£416 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)
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 £19 Electricity £26 Estimated energy cost £45/mo

Similar properties could save up to £175

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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