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Property Listing Details

Property details

  • 1 bathroom
  • 1 reception room

Features

  • Prime new build development
  • 8% net Yield Assured For 5 years
  • No stamp duty
  • Luxury Amenities Inc Cinema, Gym, Cafe
  • Hands Off Investment
  • 4% interest accrued on deposited funds during the build period
  • Moments From Lancaster University
  • Close To Transport Links
  • Highly Experienced Developer
  • Contact Mighty House Without Delay

Listing view statistics

Last 30 days: 23 page views

Description

***full 360 video tour available*** ***updated photos*** ***reserve your unit today*** ***no stamp duty***

***8% net yield assured for 5 years*** 4% interest accrued on deposited funds during the build period, free furniture pack - no stamp duty* welcome to the mill - Student Living That's Far From Run-of-the-mill. Deluxe studio apartments set in the heart of Lancaster’s thriving student community. A refurbished Victorian mill, the property combines all the amenities of modern student living with the rustic charm of Lancaster’s industrial history. Are you looking for a hands off investment? This is a very exciting opportunity to obtain an 8% net Yield Assured For 5 years! Call Mighty House on option 1 without delay!

Welcome To The Mill

Welcome to The Mill, deluxe studio apartments set in the heart of Lancaster’s thriving student community. A refurbished Victorian mill, the property combines all the amenities of modern student living with the rustic charm of Lancaster’s industrial history. Nestled in Lancaster’s greenbelt, the property boasts an unbeatable location as the closest privately built student accommodation to Lancaster University campus. Combined, these factors make The Mill one of the city’s most desirable properties for students and investors alike. Don’t miss your chance to own a piece of Lancaster’s past, present, and future.

Investment Information

Cost - £87,500
8% net Assurance 5 Years £35,000
8% net Assurance Per Year - £7000
8% net Assurance Per Month - £583.33

Lancaster The Student Market

Lancaster is home to over 18,000 students and hosts two higher education institutions:
Lancaster University and The University of Cumbria’s Lancaster campus.

Lancaster University is among the best the UK has to offer. Consistently ranking in the top 10 of all three major national league tables, the institution is also within the top 1% of universities globally. In addition, Lancaster sits 3rd for graduate-level employment in the Times and Sunday Times’s Good University Guide 2019.

As a result, it’s an extremely popular destination, attracting 12,960 students from 142 countries during 2017/18.

And, it’s growing.

The student population has increased at a rate of 16% P/A since 2008/09 - well above the national average of 12%.

The city’s smaller institution, The University of Cumbria, specialises in agriculture and natural sciences and operates across six campuses throughout Cumbria and the North West. The institution attracted 8,635 students in 2016/17 and has grown continually since being granted full university status in 2007.

Useful Information

Leasehold Length - 125 Years

Reserve from as little as £5000.00

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Lancaster 3.6 miles
  • Heysham Ferry Terminal 5.7 miles
  • Ellel St John the Evangelist Church of England Primary School 0.4 miles
  • Scotforth St Paul's Church of England Primary and Nursery School 2.3 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Lancaster 3.6 miles
  • Heysham Ferry Terminal 5.7 miles
  • Ellel St John the Evangelist Church of England Primary School 0.4 miles
  • Scotforth St Paul's Church of England Primary and Nursery School 2.3 miles

Market stats

Sale activity

Average estimated value for a flat in LA2:

  • Not known

In the last 12 months

  • Average sale price

    £141,700
  • Properties sold

    10

Rental opportunities

£693 pcm

Recent sales nearby

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Estimated running costs

Based on available 3rd party data

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The Agent

Price history

Sold prices provided by Land Registry
25th Mar 2020 £87,500 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Mighty House. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Mighty House for full details and further information.