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Student Accomodation
Date & Time Listed: 2011-10-10 10:02:11 (GMT)

Posted in Categories: Real Estate, Apartments for Sale - Number of Bedrooms: 1, Number of Bathrooms: 1
Posted From: United Kingdom, Bradford, Bradford

Ad Details:

Why should I invest in quality student accommodation?
Knight Frank has reported, through their own independent research, that only around 50% of all students in the UK have access to high quality purpose built student accommodation.
The expansion in student numbers in recent years has led to a far greater demand for accommodation pushing up prices and in turn rental yields. There is intense competition among universities to attract students and the availability of prime quality modern accommodation is a critical part of their marketing plan.
Demand for university places in the UK is at an all-time high. There were nearly 700,000 applications in 2010 alone, that's over 200,000 more applications than places available. By the same token, the demand for quality, purpose-built student accommodation has never been greater and due to the downturn in the UK property market it is easy to see why traditional investors are now turning to university projects as a way of enjoying higher returns.
World Wide Resource is pleased to offer you the opportunity to invest at 25% below an official RICS valuation in one-bedroom apartments being built next to a major City University campus. There are only 150 units in this development being built to four-star hotel standard and due for completion by the end of 2013.
The RICS discount amounts to an impressive saving of over £18,750 on day one.
· RICS valuation at £73,750
· Your purchase price only £55,000
· Fully furnished Luxury Studios (self-contained) and fully serviced
· 60% non-status financing secured by developer (15 year tracker with interest rate 2.5% above BoE base rate)
· 40% fully insured deposit - £24,000 with £2,000 back on completion
· Estimated gross yields at 11% per annum
· Fully managed rentals (management fee covers everything including council tax, rates, internet, etc.)
· Non-status guaranteed finance of £33,000 on completion
· Exceptional location within walking distance to University, local College, regional transport links, city attractions and main Hospital
· The University has12,000 registered students and the College has 23,000 registered students
· Huge demand for this type of accommodation with 100% occupancy expected

Other Details:

Number of Bedrooms: 1
Number of Bathrooms: 1

Price: 55,000.00 GBP


Student Accomodation, Buy To Let, Student Rental, Off Plan, Development, Agent
For more details about this listing please click here to access the webpage provided by listing owner.

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