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1 bed flat for sale

£78,500 From

Beaumont Road, Plymouth, Plymouth PL4

1
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Property features

  • Completion this year
  • Only 25% Deposit Required
  • 8% net for 3 years
  • Fully Managed
  • Fully furnished

Property description

Beaumont Square is a new purpose built student accommodation development, providing 39 modern high quality studio apartments to the significantly under-supplied student market in Plymouth. Located less than a mile away from Plymouth€s high performing education institutions, the city centre, and the beautiful harbour, Beaumont Square is the latest development in this coastal UK city. This modern purpose built student accommodation development provides investors with an 8% net rental return that is contractually assured for 3 years from completion of the property.
The development offers students in this growing university city 39 excellent self contained studio apartments, complete with an en-suite shower room and a kitchenette. Beaumont Square will also have a range of excellent communal facilities including Laundry Room, Reception, and 24 hour CCTV.

- Scheduled for Completion Q3 2017
- 3 years assured rental income of 8% net
- Prices staring from just £78,500
- Only 25% deposit required
- Furniture Included
- No Stamp Duty

Beaumont Square is a new purpose built student accommodation development, providing 39 modern high quality studio apartments to the significantly under-supplied student market in Plymouth. Located less than a mile away from Plymouth€s high performing education institutions, the city centre, and the beautiful harbour, Beaumont Square is the latest development in this coastal UK city. This modern purpose built student accommodation development provides investors with an 8% net rental return that is contractually assured for 3 years from completion of the property.
The development offers students in this growing university city 39 excellent self contained studio apartments, complete with an en-suite shower room and a kitchenette. Beaumont Square will also have a range of excellent communal facilities including Laundry Room, Reception, and 24 hour CCTV.

Beaumont Square will provide a total of 39 purpose built modern student apartments for the Plymouth student housing market. Each property will be completed to the highest standard with attention to quality finishes, high speed wireless broadband throughout and good usage of space, these properties will provide the perfect residence for the student population in Plymouth being conveniently located for both Plymouth University, Plymouth College of Art and the city centre.
Every apartment will be offered fully furnished to prospective student tenants and the building will benefit not only from high end hotel apartment style finishes, but also a range of state of the art facilities. To manage the properties €Urban Student Life€, a specialist and established student housing operator, will oversee the entire management, tenancy and staffing of the project once complete.

The studios in Beamount Square will be let to students on 51 week tenancies on a weekly rental starting from £154. Tenants will benefit from the high quality build and convenient location of the apartments, whilst owners of the apartments will gain an assured rental income over the first 3 years of ownership of 8% net based on the purchase value of the apartments they own.

We do not charge any admin fees, buyers fees or agency fees.

For more information please contact Property and Invest.

Market activity
Average price paid £155,158 Sales 433 Current average value £168,591 (Zoopla Zed-Index) Value change £6,803 ▲ 4.21%

Property value data/graphs for PL4

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £244,633 £212 3.5 £255,000
Semi-detached £194,082 £164 3.4 £176,416
Terraced £184,549 £161 3.5 £168,113
Flats £134,104 £226 1.8 £122,112

Current asking prices in PL4

Average: £153,382
Avg. current asking prices in PL4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £151,559
(16)
£182,878
(34)
£215,838
(26)
£228,173
(11)
Flats £81,989
(88)
£138,378
(56)
£137,833
(6)
£169,500
(4)
-
All £81,989
(88)
£141,308
(72)
£176,121
(40)
£209,660
(30)
£228,173
(11)

Current asking rents in PL4

Average: £1,177 pcm
Avg. current asking prices in PL4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £393 pcm
(65)
£569 pcm
(11)
£1,072 pcm
(28)
£1,155 pcm
(61)
£1,228 pcm
(63)
Flats £424 pcm
(167)
£705 pcm
(73)
£779 pcm
(30)
£3,288 pcm
(9)
£12,111 pcm
(8)
All £415 pcm
(232)
£687 pcm
(84)
£921 pcm
(58)
£1,430 pcm
(70)
£2,454 pcm
(71)

Fun facts for PL4

Highest value in PL4
Highest value streets Zed-Index
Harbour Avenue £370,345
North Quay £363,078
Addison Road £326,240
Queens Road £320,708
Parsonage Way £301,128
Highest turnover in PL4
Highest turnover streets Turnover
St. Lawrence Mews 58.3%
Pearson Avenue 57.1%
Bradley Road 47.1%
Glen Park Avenue 43.9%
Clinton Avenue 41.7%

What Zoopla users think of Lipson

Overall rating:

  • currently 4 stars
Very good - 84%

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
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Parks & recreation
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Restaurants & shopping
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Schools & public services
  • currently stars
Transport & travel

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  • 1
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  • currently stars
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Nearby transport

  • Plymouth (0.8 miles)
  • Devonport (2.0 miles)
  • Dockyard (Devonport) (2.2 miles)
  • Exeter International Airport (40.0 miles)
  • Cardiff Airport (78.6 miles)
  • Bristol Airport (93.0 miles)
  • Plymouth (Barbican) Landing Stage (0.7 miles)
  • Plymouth Mount Batten Ferry Landing (0.9 miles)
  • Plymouth Ferry Terminal (1.5 miles)

Nearby schools

View all schools in Plymouth
  • Salisbury Road Primary School (0.1 miles)
  • Holy Cross Catholic Primary School (0.3 miles)
  • Mount Street Primary School (0.4 miles)
  • City College Plymouth (1.8 miles)
  • UTC Plymouth (2.2 miles)
  • Lifeworks College (19.0 miles)
  • ACE Schools Plymouth (0.5 miles)
  • Plymouth High School for Girls (0.5 miles)
  • Lipson Co-operative Academy (0.6 miles)
Note: Distances are straight line measurements

Local info for Plymouth

About the neighbours in PL4

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For more information about this property, please contact
Property and Invest, N1 on +44 20 8115 8144 * (local rate)

Monthly running costs Beta

£497 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,850
Repayment term 25
Interest rate 1.5
Your payment £282 /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 £22/mo (£262/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 £151

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: 5000 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Plymouth

Estimated tax band A Council tax cost £111 /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 £15 Sewerage £22 Estimated water cost £37 /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 Property and Invest, and do not constitute property particulars. Please contact Property and Invest 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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