Discovery Quay - Manchester
A historic university city, Manchester is home to two of the five largest universities in Britain - The University of Manchester and Manchester Metropolitan University (MMU).
The University of Manchester is a member of the prestigeous Russell Group - one of the UK’s top 24 universities - an accolade that attracts thousands of students from all over the world.
Placed 38th in the Academic Ranking of World Universities and number six in Europe, The University of Manchester aims to become one of the world’s best 25 universities by 2020. It currently has 39,000 students who come from more than 180 countries and this number only looks set to increase.
MMU is also a highly popular institute with more than 37,000 undergraduates and postgraduates. Receiving over 56,000 applications in 2011/12, MMU is one of the most applied-for education establishments in the UK, clearly demonstrating the desire for people to live and study in Manchester.
- 299 studios, from £88,143 to £132,029
- Estimated 9% gross yield
- 250 year leasehold
- Up to 5% coupon on deposit monies, dependant on payment plan
- Completion due August 2018
- 1st Student accommodation in Salford Quays
Payment Process:
- Choose unit(s)
- Choose payment plan option (as below) and pay deposit of £5,000 per unit
Payment plans:
- Option A: 50%/30%/20% - Upon exchange pay 50% (less reservation fee), then a stage payment of 30% (90 days after exchange), and a final payment of 20% upon completion. This option includes a 3% Coupon (interest p.a.) on deposited monies (not including reservation fees paid) from exchange to Practical Completion. This will be balanced and deducted on your completion statement.
- Option B: 80%/20% - Upon exchange pay 80% (less the reservation fee) and a final payment of 20% upon completion. This option includes a 5% Coupon (interest p.a.) on deposited monies (not including reservation fees paid) from exchange to Practical Completion. This will be balanced and deducted on your completion statement.
- Option C: 30%/30%/30%/10% LIMITED OFFER - Upon exchange pay 30% (less reservation fee), a 1st stage payment of 30% (due 6 months after exchange), a further stage payment of 30% (due 6 months after the 1st) and final payment of 10% due on completion.
Return on investment example for studio purchased at £88,143
Assumptions:
- Annual rent increase of 3%
- Annual capital growth of 4%
- Letting fee of one month's rent
- Annual service charge £1,100 in first year, increasing at 3% per year
- Annual ground rent £550
| Year |
Rent per week |
Total gross rent (50 weeks) |
Annual service charge, ground rent (£550pa), letting fee (1 month rent) |
Net yield £ |
Net yield % |
Gross yield % |
Capital Value (3% growth per annum) |
| 1 |
£160 |
£8,000 |
£2,330 |
£5,670 |
6.43% |
9.08% |
£88,143 |
| 2 |
£165 |
£8,240 |
£2,350 |
£5,890 |
6.68% |
9.35% |
£90,787 |
| 3 |
£170 |
£8,487 |
£2,371 |
£6,116 |
6.94% |
9.63% |
£93,511 |
| 4 |
£175 |
£8,742 |
£2,393 |
£6,349 |
7.20% |
9.92% |
£96,316 |
| 5 |
£180 |
£9,004 |
£2,415 |
£6,589 |
7.48% |
10.22% |
£99,206 |
| 6 |
£185 |
£9,274 |
£2,438 |
£6,836 |
7.76% |
10.52% |
£102,182 |
| 7 |
£191 |
£9,552 |
£2,462 |
£7,090 |
8.04% |
10.84% |
£105,247 |
| 8 |
£197 |
£9,839 |
£2,486 |
£7,353 |
8.34% |
11.16% |
£108,405 |
| 9 |
£203 |
£10,134 |
£2,511 |
£7,623 |
8.65% |
11.50% |
£111,657 |
| 10 |
£209 |
£10,438 |
£2,537 |
£7,901 |
8.96% |
11.84% |
£115,007 |
| |
|
|
Projected returns after 10 years |
£67,416 |
|
|
£26,864 |
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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
