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.
Stubbs Gate, Newcastle Under Lyme, Stoke On Trent ST5 1Lu
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
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