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Studio for sale

£69,999

Orme Road, Newcastle-Under-Lyme, Keele ST5

1 1
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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 £163,102 Sales 1,049 Current average value £177,269 (Zoopla Zed-Index) Value change £10,938 ▲ 6.58%

Property value data/graphs for ST5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £278,247 £211 3.6 £252,499
Semi-detached £158,942 £178 3.0 £149,116
Terraced £113,179 £135 2.5 £107,862
Flats £129,701 £196 1.7 £101,529

Current asking prices in ST5

Average: £203,018
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £139,332
(56)
£219,345
(92)
£377,720
(54)
£483,273
(11)
Flats £73,119
(36)
£119,292
(19)
- - -
All £73,119
(36)
£134,255
(75)
£219,345
(92)
£377,720
(54)
£483,273
(11)

Current asking rents in ST5

Average: £816 pcm
Avg. current asking prices in ST5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £393 pcm
(22)
£545 pcm
(39)
£816 pcm
(29)
£1,299 pcm
(38)
£1,658 pcm
(5)
Flats £479 pcm
(41)
£720 pcm
(31)
£1,281 pcm
(3)
- -
All £449 pcm
(63)
£623 pcm
(70)
£860 pcm
(32)
£1,299 pcm
(38)
£1,658 pcm
(5)

Fun facts for ST5

Highest value in ST5
Highest value streets Zed-Index
Whitmore Heath £840,317
Allensway £677,751
Snape Hall Road £663,249
The Brampton £613,672
Acton, Newcastle-under-Lyme ST5 £524,906
Highest turnover in ST5
Highest turnover streets Turnover
Ashridge Avenue 54.5%
Magenta Drive 52.9%
Milan Drive 52.4%
Reedmace Walk 50.0%
Peacock Walk 47.1%

What Zoopla users think of Newcastle-under-Lyme

Overall rating:

  • currently 4 stars
Very good - 78% (115 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

£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 £19 Electricity £28 Estimated energy cost £47/mo

Similar properties could save up to £172

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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