Devon House offers student property investment opportunities in Liverpool
Devon House is a new, purpose-built student property development in the heart of Liverpool. The development will offer high-quality, well-situated accommodation to students of Liverpool’s multiple universities, but first it is offering investors a chance to get into the city’s thriving student housing market.
Student Property in Liverpool
Student property remains severely undersupplied through much of the UK, with demand particularly strong for quality purpose-built housing in prime locations. This tends to mean that student properties in Liverpool are easily filled and attract strong, fast-growing rents. As one of the UK’s most prominent cities and most popular study destinations, with several respected universities, all of these trends are particularly pronounced in Liverpool. The roughly 53,000 students from around 100 nationalities mean that roughly 12% of all people in the city are students, so it is natural that demand for quality, student-focussed living space should be strong.
Devon House
Due for completion in 2018, Devon House in Liverpool will bring 162 quality, contemporary, and purpose-built studio units to Liverpool’s students. It is located in the heart of the city’s “Knowledge Quarter,” the educational district which the council is working hard to turn into an academic hub, and is within a few minutes’ walking distance of many of the Liverpool’s key university campuses. Travelling on foot, tenants can reach the University of Liverpool within three minutes and Liverpool John Mores University in five minutes. The City Campus of Liverpool Hope University is only a little further away at 15 minutes walk, and Royal Liverpool University Hospital, the Liverpool School of Tropical Medicine, and St Georges Hall are all within five minutes.
The development will not only offer students quality specialist apartments, but a range of amenities and extras as well. There will be communal cooking and dining facilities, an onsite gym, a study area, and entertainment facilities including a cinema and pool tables. Devon House will also be the very first UK student development to make use of the student liaison mobile app from YPG which allows students to communicate, make bookings for communal facilities, control their heating, and make requests for maintenance or outside services.
Investment Opportunities
So this is the attractive package that Devon House is going to offer to its student tenants, but what does it have to offer investors? Aside from high demand in a high-yielding market, investors will receive the benefits of an attractive package. Those who purchase one of the developments 162 studio units will benefit from hands-off income through a fully-managed property, paid every quarter in arrears. These rentals will be assured for a period of three years at a net rate of 8%.
The studios are also competitively priced, with outlays starting from only £67,950. Payment is made in instalments with 50% due on exchange (minus a £5,000 fee which must be paid upon reservation), a further 25% due at sectional completion, and the remainder due upon practical completion of the development.
For more information about Devon House in Liverpool, please contact Hopwood House.
