North Hill Court Plymouth

North Hill Court is a brand new student development in the heart of Plymouth, offering a 110% buyback in year 6 and an 8% net rental yield for 5 years.

HIGHLIGHTS

  • 8% net rental yield for 5 years
  • Q3 2019 completion
  • Prices from £79,950
  • 110% Buy back in year 6
  • Fully Furnished and Managed
  • Purpose built student accommodation in the heart of Plymouth

 

INTRODUCTION

North Hill Court is a brand new, purpose-built development of 39 studio and 1 bed student apartments. This fully managed student accommodation has a much sought after central location in the beautiful city of Plymouth.

 

OVERVIEW

North Hill Court is the perfect location for student accommodation, with Plymouth University and the Plymouth College of Art just a 5 minute walk away, whilst Marjon University is a 5 mile journey by car or public transport. Furthermore, the train station, providing national rail links, is also just a short walk away, as is the Drake Circus shopping centre, Addison Park, the Nancy Astor Sports Centre, and a large supermarket. The three storey development consists of 39 fully furnished apartments, managed by an experienced property management company. All of the apartments are completed to a high specification, and finished with contemporary fixtures and fittings. Security measures have been considered as part of the design of this development and as such there is secure fob access, and CCTV in operation 24 hours a day. Both the studio apartments and 1 bed apartments are due to be completed by September 2019. These apartments are being sold on a leasehold basis of 250 years, with the financials on each style of apartment demonstrating an 8% net rental yield, which will be guaranteed for 5 years.

 

PAYMENT STRUCTURE

– 50% exchange deposit

– 25% after 6 months

– 25% on practical completion

 

WHY INVEST STUDENT PROPERTY?

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 £79,950 investment, North Hill Court offers £533 PCM that will be guaranteed by the developer for 5 years. This equates to £6,396 p/a.

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

 

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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

AdminNorth Hill Court – Plymouth