#47 Leicester – Student Development

#47 is a new purpose-built student accommodation development, providing luxury studio apartments for students living in Leicester.

#47 is a new purpose-built student accommodation development, providing luxury studio apartments for students living in Leicester.

Highlights

  • 7% NET return for 5 years
  • Prices from £59,900
  • 700metres from De Montfort University
  • Less than 15-minute walk to University of Leicester
  • City Centre location
  • Studios and 1, 2 and 3-bedroom flats
  • Full Furnished apartments
  • All flats have their own balcony.
  • Includes Games Room, laundry, fitness room, bicycle storage and much more!

Introduction

#47 is a new purpose-built student accommodation development, providing luxury studio apartments for students of both of the cities Universities and colleges.

Situated in the heart of Leicester, and with walking distance of less than 14 minutes to De Montfort University, #47 is in the perfect spot to provide easy access to both the city centre and the Universities.

There are currently 1.7 million full-time students in the UK, and with over 50% of the students not having access to purpose-built student accommodation, this has led to a 2.7% increase in rent over the past year, across PBSA in the UK.

This luxurious student accommodation development provides investors with 7% NET rental return that is contractually assured for 5 years from completion of the property.

Leicester is very well connected by road, rail and air, providing easy access for international students, as well as only being a one-hour train journey to London.

Overview

Spread over a brand new 7 storey building, each studio and flat will be completely self-contained, with private kitchens, bathrooms, and will be fully furnished/finished to an extremely high standard.

They even each have their own balcony! #47 will offer residents superior communal facilities, including a ground floor reception, laundry room, roof terraces, cycle parking, a fitness room, a communal lounge/games room and a garden/recreation area!

Leicester is home to 2 major educational institutions.

  • The University of Leicester – Less than 15 minutes’ walk and not to mention it is Ranked in the Top 1% of Universities in the world.
  • De Montfort University – 700 metres away
The University of Leicester

  • 18,000 students 33% of which are from overseas.
  • Founded in 1921 and gained its Royal Charter in 1957.
  • International reputation for excellence of its teaching.
  • Named University of the Year of 2008.
  • Undergoing a £300+ million redevelopment.

 

De Montfort University

  • 20,000 students with more than 2,700 from overseas.
  • Originally founded as the Leicester School of Art in 1870.
  • UK’s sixth fastest-growing for home and EU students.
  • One of the world’s 150 best ‘young’ universities.
  • £136 million invested in the last few years alone.

 

#47 is situated close to both Universities and the city centre, allowing students a short walk to and from classes and into town. The low supply and high demand for purpose-built student accommodation in this historic city, provides investors with excellent rental yields.

Leicester has a rich heritage in sport, culture and industry with events, facilities and attractions to suit every lifestyle.

The Purchase Process

The purchase process in #47 is simple. Select an available unit to purchase and follow these four simple steps.

  1. Reservation – The reservation fee is £5000.
  2. Solicitors Instructed – Legal pack sent out & anti-money laundering process completed.
  3. Exchange of Contracts – 40% of purchase price to be paid to solicitor (minus reservation fee already received) and contracts exchanged within 28 days of reservation. A further 30% will paid soon after.
  4. Legal Completion – The remaining balance is paid – 30%. The purchase is then completed.
For further details call (0)20 8445 6542 or email info@tarquinjones.com or simply fill out the `Get more information form`

After completion the apartments will be managed to generate ongoing rental income. Owners will be paid rental income equivalent to 7% NET per annum for the first 5 years.

Interested in this investment opportunity?

Get in touch
Admin#47 – Leicester