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1 bed flat for sale

£85,950

North Road East Student Apartments, 47A North Road East, North Road East Student Apartments, 47A North Ro PL4

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Property features

  • Plymouth City Centre
  • 8% Assured Net Rental Income
  • 5% Interest on Deposit
  • Completion for Q1 2019
  • Experienced Developer & Management Company

Property description

North Road East Student Apartments

For an Up to Date Price List & Floor Plans Call Us Immediately

North Road East presents investors an exceptional opportunity with this off-plan student accommodation development in Plymouth, a city with a proud maritime heritage.
Offering an 8% net rental return for 3 years and 5% interest on deposit, this development provides a range of modern studio and 1-bedroom apartments for prospective buyers looking to take advantage of an undersupplied student accommodation market.

The developers behind the project have a strong track record in Plymouth’s student accommodation market, having already delivered a successful scheme in the city.

Investment Overview

• Plymouth City Centre
• 8% Assured Net Rental Income for 3 Years
• 5% Interest on Deposit
• Completion for Q1 2019
• Experienced Developer & Management Company

Student Demand in Plymouth

The development is in a prime location; Plymouth University and the train station are less than 0.3 miles away, with the contemporary College of Art also nearby.
Between its two academic institutions, Plymouth is home to over 23,000 students, and supply cannot keep up.

A recent report by Knight Frank highlighted the incredible investment prospects on offer at Plymouth.

Both the student halls and private sector purpose built accommodation could not house all students, meaning there is a massive demand for these types of properties.
Both institutions have attracted more students since then, with Plymouth Marjon University planning to double its student population over the next decade to approximately 5,000.

This makes developments like North Road East all the more desirable and essential.

Key Features

• Close to Transport Links
• Range of Amenities
• Communal Spaces
• Furniture Pack Included
• Full WiFi Coverage
• En-Suite Bathroom
• Fitted Kitchenette

Parker Buchanan

We attribute our huge success to building great relationships with each and every individual who enters partnership with us. Our team of professionals are ready and looking forward to providing you with exceptional service.

Floor plans and availability will be emailed to you on request.

Contact Us Today for a Free Consultation and to Register your Interest
Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £156,462 Sales 428 Current average value £163,610 (Zoopla Zed-Index) Value change £691 ▲ 0.42%

Property value data/graphs for PL4

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £235,174 £203 3.5 £158,333
Semi-detached £188,426 £154 3.4 £177,129
Terraced £179,070 £156 3.5 £168,471
Flats £130,186 £216 1.8 £125,346

Current asking prices in PL4

Average: £145,074
Avg. current asking prices in PL4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £165,000
(1)
£156,317
(9)
£178,350
(32)
£218,945
(19)
£284,980
(5)
Flats £84,269
(84)
£139,102
(57)
£212,967
(3)
£190,333
(3)
-
All £85,219
(85)
£141,449
(66)
£181,317
(35)
£215,043
(22)
£284,980
(5)

Current asking rents in PL4

Average: £1,060 pcm
Avg. current asking prices in PL4
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £369 pcm
(55)
£683 pcm
(10)
£1,033 pcm
(26)
£1,524 pcm
(48)
£1,295 pcm
(44)
Flats £440 pcm
(136)
£707 pcm
(68)
£836 pcm
(22)
£6,561 pcm
(4)
£1,896 pcm
(2)
All £420 pcm
(191)
£704 pcm
(78)
£943 pcm
(48)
£1,912 pcm
(52)
£1,321 pcm
(46)

Fun facts for PL4

Highest value in PL4
Highest value streets Zed-Index
Harbour Avenue £359,976
North Quay £352,016
Addison Road £316,889
Queens Road £310,672
Parsonage Way £292,381
Highest turnover in PL4
Highest turnover streets Turnover
St. Lawrence Mews 58.3%
Pearson Avenue 57.1%
Bradley Road 47.1%
Glen Park Avenue 41.5%
Ford Park 41.2%

What Zoopla users think of Plymouth

Overall rating:

  • currently 4 stars
Very good - 78% (266 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 Plymouth:

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

  • Plymouth (0.2 miles)
  • Devonport (1.5 miles)
  • Dockyard (Devonport) (1.7 miles)
  • Exeter International Airport (40.3 miles)
  • Cardiff Airport (78.5 miles)
  • Bristol Airport (93.1 miles)
  • Plymouth (Barbican) Landing Stage (0.9 miles)
  • Plymouth Mount Batten Ferry Landing (1.2 miles)
  • Plymouth Ferry Terminal (1.2 miles)

Nearby schools

View all schools in Plymouth
  • Mount Street Primary School (0.2 miles)
  • Pilgrim Primary Academy (0.4 miles)
  • Holy Cross Catholic Primary School (0.5 miles)
  • Callywith College (26.6 miles)
  • EF Academy Torbay (27.5 miles)
  • Exeter Mathematics School (36.0 miles)
  • Plymouth High School for Girls (0.1 miles)
  • Plymouth College (0.5 miles)
  • ACE Schools Plymouth (0.5 miles)
Note: Distances are straight line measurements

Local info for Plymouth

About the neighbours in PL4

AskMe Q&A for Plymouth

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For more information about this property, please contact
Parker Buchanan, WC2H on +44 20 8115 3376 * (local rate)

Monthly running costs Beta

£517 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,595
Repayment term 25
Interest rate 1.5
Your payment £309 /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 £350,000 Contents value up to £40,000 Average insurance cost £16/mo (£195/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 £17 Electricity £27 Estimated energy cost £44/mo

Similar properties could save up to £161

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.

Contact Parker Buchanan about this property

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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 Parker Buchanan, and do not constitute property particulars. Please contact Parker Buchanan 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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