Asquith House & Austin Hall - Leeds
Currently, large amounts of students are living in HMO’s (Houses of Multiple Occupation), putting a huge strain on families looking to rent accommodation in the area.
A recent report from Savills says that 3,889 homes in Leeds could return to family use if students moved into purpose built student accommodation.
This would mean that demand for student accommodation would further increase as the city looks to move students into specialist, modern accommodation
Yields & Prices
To learn more about investing in student property for sale in Leeds, get in touch on +44 (0)1525 210821 or [email protected]
- Net minimum yield of 8.1% assured for five years
- Units priced from £52,995 (bedrooms) to £74,995 (studios)
- Fully hands-off investment
- 999 year leasehold
- Completion due January 2015, rental yield received from April 2015
Payment process
To learn more about investing in student property for sale in Leeds, get in touch on +44 (0)1525 210821 or [email protected]
- Choose unit(s) – pods and/or studios
- Fill in property purchase form and pay reservation fee of £3,000 (deducted from exchange payment)
- Instruct solicitor. Investors can appoint their own solicitor, or use the existing appointed buyer’s solicitor: Charles Agar, FDR Law, 21 Bold Street, Warrington, WA1 1DG
- Exchange of contracts and stage payment of 50% (less reservation fee) – usually around 28 days after appointment of solicitor
- Three months after exchange of contracts, stage payment of 30%
- On completion, the balance of 20% of purchase price net of reservation fee
10 Year Rental And Capital Growth Projection For Ensuite Room (£52,995)
Assumptions:
- Assured minimum net yield of 8.1% for first five years
- Anticipated rent increases of 3% per annum
- Capital growth of 3% per annum
| |
Rental per
week
(48 weeks) |
Total gross
rent |
Management
charge (25%)
plus ground
rent (£500) |
Net rent |
Net yield £
(minimum) |
Net yield %
(minimum) |
Capital value
(3% growth
p.a.) |
| Year 1 |
£140 |
£6,720 |
n/a |
Assured |
£4,270 |
8.1% |
£52,995 |
| Year 2 |
£144 |
£6,922 |
n/a |
Assured |
£4,270 |
8.1% |
£54,585 |
| Year 3 |
£149 |
£7,129 |
n/a |
Assured |
£4270 |
8.1% |
£56,222 |
| Year 4 |
£153 |
£7,343 |
n/a |
Assured |
£4,270 |
8.1% |
£57,909 |
| Year 5 |
£158 |
£7,563 |
n/a |
Assured |
£4,270 |
8.1% |
£59,646 |
| Year 6 |
£162 |
£7,776 |
£2,444 |
Projected |
£5,332 |
10.1% |
£61,436 |
| Year 7 |
£167 |
£8,016 |
£2,504 |
Projected |
£5,512 |
10.4% |
£63,279 |
| Year 8 |
£172 |
£8,265 |
£2,564 |
Projected |
£5,692 |
10.7% |
£65,177 |
| Year 9 |
£177 |
£8,496 |
£2,624 |
Projected |
£5,872 |
11.1% |
£67,132 |
| Year 10 |
£182 |
£8,736 |
£2,684 |
Projected |
£6,052 |
11.4% |
£69,146 |
| Projected total returns over 10 years |
£49,810 |
|
£16,151 |
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Your free consultation
If you’d like to know more about how student property investment could be for you, give us a call on 01525 381498 or email us at [email protected]. You can even book a time online here and we'll call you then, for an absolutely free, no-obligation informal chat
