Euston Road Bangor

Offering a 9% net return guaranteed for 2 years, Euston Road Bangor offers studio apartments that are a stable, high-yielding investment opportunity.

HIGHLIGHTS

  • 9% net rental yield for 2 years
  • Q3 2019 completion date
  • Offering prices from £63,000
  • Located in close proximity to Bangor University
  • 45 high-spec studio flats

INTRODUCTION

The apartments on offer at Euston Road have been designed with the expectations of today's students. Each apartment will feature a spacious combined kitchen and living area with premium finishes and furnishings to create a truly high specification product. With high quality student accommodation in high demand, Euston Road is the perfect choice for the savvy investor.

OVERVIEW

We are delighted to announce the launch of Euston Road, a residential development of student accommodation, located close to Bangor city centre, Bangor railway station and the University Campus. Euston Road is a former commercial property that was previously The Bangor Railway Institute. It will undergo a complete redevelopment to convert into 45 high-spec studio flats and 3 cluster-bedrooms – all designed to meet the needs of the growing student population. With a unit start price of £63,000, investors will benefit from a 9% return guaranteed over 2 years. Apartment sale prices have increased by 8.2% since mid- 2015. The value of the apartments is set to rise substantially more over the next few years, suggesting strong potential for capital growth. The development's location is a key selling point for multiple reasons. Close proximity to the University gives students easy accessibility, whilst the train station and public shopping districts are highly convenient for travel and city centre living. North Wales has been named the 4th best region in the world to visit by the travel guide Lonely Planet due to its stunning location and new adventure sports facilities.

PAYMENT STRUCTURE

  • Pay £5,000 reservation fee
  • Transfer 35% of funds on exchange (within 28 days of reservation)
  • Transfer 15% of funds as interim payment (6 months into construction)
  • Pay balance minus reservation fee upon completion

WHY INVEST IN STUDENT PROPERTY ?

Why Invest in Student Accommodation? More young people than ever are attending university and it's no longer considered something for the privileged elite. Student numbers have almost doubled in the UK since 1992. Universities are unable to build enough properties to house the ever-increasing demand so many are turning to private purpose-built student accommodations (PBSAs) as the solution. Consequently, high quality PBSAs in the UK face an ever-growing gap in supply and demand. The scale of these needed is simply not keeping up with the increasing demand for new build student lets and the lack of the necessary housing means many investors will have to pay a premium for PBSA's in years to come. Student accommodation is becoming more widely recognised as a growing asset class delivering excellent rental yields- Savills have forecasted a 17% increase in investment in student accommodation for 2018. Many developers and managing companies in the UK are guaranteeing yields of 7-10% on purpose-built student accommodation and Knight Franks recent average showed that to be 7.8% per annum. Thanks to the stability and performance of the sector, student accommodation has now been established as an asset class in its own.

FINANCIALS

On a £63,000 investment, Euston Road offers £472.50 PCM that will be guaranteed by the developer for 1 year. This equates to £5,670 p/a and £11,340 after 2 years.

 

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Contact Us

Headquarters

Balfour House, 741 High Road,
North Finchley, London, N12 0BP

Call Us

+44 (0)20 8445 6542

Email Us

 info@tarquinjones.com

AdminEuston Road – Bangor