Poulson House - Stoke-on-Trent Student Property
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Purpose-built student accommodation development in the centre of Stoke-on-Trent
Completed and operational purpose-built student accommodation in the centre of Stoke-on-Trent offering net yields of 7%.
Key Figures
£59,950Starting Price
7%Net Yield
Q4 2018Completion Date
Investment Details
Poulson House is a completed collection of 122 student studio apartments in the centre of Stoke-on-Trent. Poulson House is the only accommodation approved by Staffordshire University and this has led to occupancy levels of 100% for the 2020/21 academic year. The development itself is a short walk from Staffordshire University campus and a short drive away from Keele University.
The development is fully managed by Greenpad - the Staffordshire University's student accommodation management company. Onsite facilities include a reception room, gym, games room and recreation room.
The University's Halls of Residence can accommodate 1,200 students. En-suite rooms share communal spaces such as a living room and kitchen. Currently, 25% of available rooms have to be left unoccupied due to social distancing regulations. As the market is already undersupplied, we anticipate high demand for this type of accommodation in the Stoke-on-Trent area.
The Numbers
Ground Rent:£300 per annum
Number of Units:122
Service Charge:£1,034 per annum
Prices: £59,950
Leasehold:246 years
- Reception / on-site management
- Games room
- Laundry room
- Recreation room with pool table, table football, tv / cinema area and private study areas
- Garden
- Gym
- 122 self-contained studios
- Choose a studio
- Pay a £5000 reservation deposit
- Appoint your solicitors
- Legal review
- Exchange with 25% deposit
- Complete with 75% balance
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