Student Property

The Mill, Lancaster

From: £79,950
No rival development potential
8% net yield for five years under contract
Closest modern PBSA development to the Lancaster University campus
Developer with a successful track record
Tenanted apartments available

The Mill – Student Property Investment in Lancaster


The Mill is a new student property development comprising 107 units in Lancaster. The Mill is a refurbished Victorian Mill, and the property marries modern student living with Lancaster’s industrial past.

The Mill benefits from being the closest modern PBSA development to the Lancaster University campus. It offers students affordable luxury and modern amenities including a café, gym, cinema and games room.

Key Figures

£79,950
Starting Price

8%
Net Yield

Q4 2020
Completion Date

Investment Details

The Mill Student Property Investment in Lancaster Fundamentals

- Invest from £79,950 - 8% net yield for five years under contract - No rival development potential - Closest modern PBSA development to the Lancaster University campus - Developer with a successful track record - RICS valuation available - Tenanted apartments available

Why invest in student property in Lancaster?

Lancaster is home to two universities and 18,000 students. Lancaster University is one of the best in the UK and consistently ranks among the top ten across all league tables. Whilst the number of students sounds more modest compared to that of Liverpool or Manchester, there simply is not enough beds to accommodate them all. It is estimated that there are approximately 10 returning students from outside the region to every purpose-built student accommodation bed according to Cushman and Wakefield. The Mill will be able to accommodate some of that need, and considering it is the closest modern purpose-built student accommodation development to Lancaster University’s campus, it should get strong demand and deliver good rental yields. With the number of students in Lancaster increasing by a rate of 16% per annum since 2008/09, we envisage sustained rental demand.

Contact One Touch to find out more about The Mill and other investment property opportunities today.

The Numbers

Ground Rent:0.3% of the purchase price

Number of Units:107

Service Charge:£0

Prices:£85,000 – £105,000

Leasehold:125 years

Lancaster Station
Lancaster University Main Campus
Lancaster University Student Union
Lancaster University Library
Galgate Railway Station
Grand Theatre
Marketgate Shopping Centre
  • Fully furnished, high spec Studios

-Reservation fee- £5,000

  • 50% of purchase price due on exchange of contracts – minus deposited funds
  • Remaining 50% of purchase price due on completion

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