MapStudio
Key information
Features and description
- Tenure: Leasehold (250 years remaining)
- Less than one minutes walk to University of Plymouth
- Huge local student rental demand
- Tenanted at £179.00 per week for new academic year starting September 2023
- Fully managed by local student property specialist
- £5,925 net rental income per annum
Spacious, and fully managed student studio for sale in the hugely desirable North Hill Court development, less than one minutes walk from the main campus of the University of Plymouth.
Perfectly located less than 100 metres from the main campus of the University of Plymouth (18,400 full-time students), the new North Hill Court development offers arguably one of the best-located developments we've ever marketed. Recently completed to a high standard throughout, North Hill Court offers a selection of Classic, Premium and Deluxe studios for sale.
Since the launch of the development, North Hill Court has proven hugely popular with students looking for high-quality accommodation in close proximity to the university.
Investment Breakdown - Classic Studio Example £85,000
- Classic studio - £179.00 x 50 weeks = £8,950
- Annual service charge - £1,600
- Minus Lettings Fee of 10% + VAT - £1,074
- Ground Rent - £350.00
- Annual net income - £5,925 7% NET Yield
The development is fully management by a local student property management and lettings specialist, who are located less than five minutes walk from the building.
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