#47 Leicester – Student Development

#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
  • Units from £60,000
  • 47 units: 36 studios, 9 one bedrooms, 1 2-bedroom, and 1 3-bedroom apartments
  • Leasehold: 250 years
  • Completion: Q4 2019
  • Central Leicester location
  • 20 minutes from De Montfort University
  • Facilities include Bicycle storage and roof terrace
  • Flourishing transportation links

 

 

INTRODUCTION:

#47 is a superb student development to cater to the 50,000 student population of Leicester. Consisting of 47 studios, one-bedroom apartments, two-bedroom apartments, and three-bedroom apartments, units are selling from £60,000, offering a healthy 7% NET return for 5 years.

 

 

OVERVIEW:

An investment in a thriving student city, #47, boasting 7% NET return for 5 years, is an excellent investment opportunity in central Leicester, only 20 minutes from De Montfort University. Comprising of 47 student apartments, mixing studios, one-bedroom apartments, two-bedroom apartments and three-bedroom apartments, the large living spaces will be in high demand for the ever-growing student population drawn to the top-notch education and diverse community. To complement the luxury apartments, this property's facilities extend to a games room, laundry services, roof terraces, bicycle storages and more.

In close proximity to Leicester's attractions including Haymarket Shopping Centre and Jewry Wall Museum, #47 is a truly genius opportunity to invest in the educational pursuits of Leicester. With key transport links across the city and across the country, #47 is a fantastic chance to gain a steady passive income.

 

 

PAYMENT STRUCTURE:

  • Reservation fee: £5000
  • Exchange: 40% (30 days)
  • Installment: 30% (paid within 3 months)
  • Completion: Balance

 

 

FINANCIALS:

#47 offers a 7% NET return for 5 years with a 250-year leasehold.

See table below for an example of the amount of returns you could earn from this investment:

 

UNIT PRICEYEAR 1YEAR 2YEAR 3YEAR 4YEAR 5
£60,000£4,200£8,400£12,600£16,800£21,000

 

 

 

WHY INVEST IN STUDENT PROPERTY?

With a rise in under 25's pursuing tertiary qualifications, the student population is rapidly growing, with 50,000 students choosing Leicester. Leicester has long held a title as a student city for its sizzling social scene, booming retail industry, and its state-of-the-art education. De Montfort University has earned Gold in the Teaching Excellence Framework whilst the University of Leicester groundbreaking research including DNA fingerprinting has changed the world.

In an ever-growing population, the need for degrees is currently higher than other time in history to survive in the UK. To go hand in hand with this, student accommodation demands have risen with over 40% of student's International students from China and Nigeria.

 

 

WHY INVEST IN LEICESTER?

Leicester stands as a fantastic city to invest in. Hometrack City House Price Index recognised that Leicester is the best UK city for property investment, boasting an annual property yield of 7.7%. Leicester's regeneration can answer for a great portion of this, since the city enjoyed £47 million development plans for the city centre, featuring housing, hotels and a public realm area called as Great Central Square.

 

For further details call (0)20 8445 6542 or email info@tarquinjones.com.

 

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Admin#47 – Leicester