Leicester Student Accommodation Investment LE2 | Buy to let Leicester
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Leicester City Centre Student Property Investment
Located in the East Midlands, Leicester is the tenth largest city in the UK and has a total student population of 38,000, 13% of the overall city’s population. The city is home to two world-renowned universities, the University of Leicester and De Montfort University. 9,800 students in the city are postgraduates.
With the continuous rise of the two universities in Leicester and a growing amount of postgraduate and overseas students, the city has become a place of opportunity for developers and investors alike.
Leicester student accommodation investment. A one-off property resale in an exclusive investment student property development which boasts 5 years of proven income. Circa 8% Net returns in an undersupplied student market.
Key Figures
£71,000Starting Price
7.8%Net Yield
Q3 2016Completion Date
Investment Details
Student Investment Property in Leicester
The current owners have enjoyed more than 5 years of steady income on this fantastic student property investment in Leicester. They are willing to sell the property at the price they paid for it. Thereby allowing the new purchaser to enjoy the current net income of 7.8%
This 7th floor studio commands high rental values which are set to increase to £171 per week for 2023. The increase should see the lucky purchaser receiving net income in excess of 8.25% next year.
Rest assured that a highly experienced student management company will run the day-to-day operations, thereby making this a hands-off property purchase. Located in the heart of Leicester student district with easy access to the City Centre and both campuses. This self-contained, fully furnished apartment is available for purchase at £71,000. Only 160m from De Montfort University Campus and 800m from University of Leicester located, it has always been very popular with local and international student alike. With 38,000 student population that is a captive audience.
Only one unit available. Act fast!
Early stage investors may wish to fidn out more about the market before buying... find out whether investing in UK student property is a good idea.
The Numbers
Ground Rent:£258
Number of Units:159
Service Charge:
Prices:£71000
Leasehold:
Studio aprtment for sale: high quality, fully furnished, specifically designed to meet the needs of the postgraduate student market.
Entrance/Communal - A floor to ceiling glassed atrium entrance way will lead into the reception and communal lounge space. There will be communal games and IT rooms with computer pods and HD tv sets. Individual and group study rooms/areas Laundry, bike storage, external courtyard area. 24 hour security High spec,luxury accommodaUon Bespoke kitchens with modern appliances Ensuite Bathrooms Double Bed with built in storage Superfast Wifi ConnecUon
Cash only Investment £3,000 reservation 10% Exchange deposit Completion of property purchase with 28 days of reservation
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