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Property Listing Details

1 bed flat for sale

Sizer Street, Preston PR1

  • New home
Guide price

£60,375

(£313/sq. ft)

Features

  • 1 bedroom
  • 1 bathroom
  • floor area193 sq. ft
  • Available from 3rd Oct 2017
  • Furnished

Description

Stunning New Development Student AccommodationPrices from just £60,375 8% net yields, assured for 3 years

We would like to introduce Innovation House, a stunning brand-new investment opportunity in the lucrative market of student property.Located on the university campus in the centre of Preston, Innovation House is the perfect solution for students looking for independent living in a student environment.The four storey development comprises a total of 218 self-contained studios across two separate buildings. The development is the first all-studio student accommodation in Preston.The demand characteristics exhibited by students has changed over recent years – many, especially those from overseas, no longer wish to live in converted houses or in the common “cluster-flat” student accommodation.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 the UK, 19% of all university students are from overseas, and it has been predicted that by 2020 there will be 30,000 more international students flocking to the UK to study.This increasingly international population which is developing in the UK makes room for savvy investors who are wanting to capitalise on the student property market.Overseas students, who on average require accommodation for 51 weeks in a year and expect a higher standard of living, are now acting like general housing consumers, opting to go for the best quality they can get at a reasonable price, not just the cheapest property on offer.University cities such as Preston will be at the forefront of the increase in international student numbers thanks in part to the high world ranking of UCLan and to the attractions of the location itself. The recent injection of capital through the Preston and Lancashire City Deal will boost the local economy creating employment opportunities for postgraduates. An outstanding student accommodation development for a world-class university.

218 premium, larger than average studio apartments Prices from just £60,375 8% net yields, assured for 3 years Perfect location within university campus Contemporary design and high-specification finishes throughout Fully managed, secure investment with assured returns

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Local Amenities

  • English Martyrs Catholic Primary School, Preston 0 miles
  • Eldon Primary School 0.4 miles
  • Preston (Lancs) 0.7 miles
  • Lostock Hall 3.1 miles

Price history

Sold prices provided by Land Registry
16th Jan 2018 £60,375 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Keller Williams. 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 Keller Williams for full details and further information.