Prices from £59,950
8% Net yield guaranteed
Oakwood House offers luxury living at an affordable price for the modern student in the city. Comprising of 102 units over 5 floors spread across 2 separate building, Oakwood house offers a variety of luxury en-suite student rooms and cluster apartments each offering a communal area of kitchen, dining and lounge spaces.
Oakwood House has an extremely attractive city centre location, within walking distance of both university campuses. Perfectly located for students looking for the very best accommodation with a city centre location, literally a short walk or tram ride to all famous landmarks and points of interests. This location is not only ideal for its proximity to the universities but also for shopping and the city's famous and vibrant night life.
Oakwood House will be an innovative, modern piece of architecture adding a fresh sophisticated feel to the city centre and rejuvenating a very prominent site in the city. The project is expected to face such demand that a waiting list will be in place, and the developer is offering a rental assurance for owners for the first 3 years. Sheffield has been tipped as one of the top centres in the UK to invest and, as a result, has been the location choice of many large institutions and investment funds. This is an opportunity to benefit from the same returns. The development is located next to Tescos and the Student Conference Centre; 5 minutes' walk from Sheffield's main train station.
Over 63,000 students choose to study in Sheffield every year, including more than 7,000 international students (rated number 3 for experience), making the city a prime site for investment in the provision of high-end student accommodation.
How does the investment work?
Its simple, you choose your apartment(s) and complete a reservation form and submit this along with your reservation deposit. From here your solicitors will take care of everything down to completion. As soon as you complete on your property, your 8% net rental return begins and you will recieve your first quarterly rental payment 3 months later.
What happens after the 3 years?
Whatever you want to happen! All that changes is the developer guarantee is no longer in place, so in the unlikely scenario that your property goes through a period of being untenanted or your rental income falls below 8% net, the developer will not cover it out of their pockets.
However, the management company will still wish to continue taking care of your property and the rent is expected to stay the same if not increase inline with inflation meaning everything stays as a straight forward fully managed armchair investment!
What about my exit options?
You can sell the property whenever you like, for whatever price you like. The only restriction is that its a student investment so will need to be sold to an investor like yourself, in a market as thriving as the student investment class this is unlikely to pose any issues. We are happy to resell your property for you and if you purchased it initially from us, we can guarantee you a very low resell fee!
Why Invest in Student Property?
With a record number of students placed for higher education in the 2016/2017 academic year, investors are jumping at the chance to invest in UK student property. There has been a significant increase in the popularity of commercial assets in recent years such as student accommodation due to property investors searching for alternative investment markets. This extraordinary demand shows no sign of slowing down which means universities across the UK are now facing the problem of housing students. Many institutions fail to house all of their first year intake and accommodation for years 2 and 3 is even scarcer. Now, with approximately 493,000 students placed for the 2016/17 academic year according to UCAS (Universities and Colleges Admissions Service) demand is skyrocketing; making this market as attractive to investors as it has ever been.
Student property is one of the only asset classes that continued to grow positively during the 2008 economic downfall proving it is a very resilient sector. The absence of second home stamp duty also means investors are not faced with sky rocketing taxes that have become common with residential investments.
- Completed in October this year!
- Prices from just £59,950
- Fully furnished apartments
- Walking distance to both Universities
- Fully managed
- 8% NET return assured for 3 years
- Cluster apartments available with free communal areas!